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Shell to hand over Iraq’s Majnoon oilfield by end of June 2018

Shell is the operator of the giant Majnoon field, above, near Basra in southern Iraq which started production in 2014. (Reuters)

Updated 08 November 2017

Reuters

November 08, 2017 13:27

Shell to hand over Iraq’s Majnoon oilfield by end of June 2018

Updated 08 November 2017

Reuters

November 08, 2017 13:27

BASRA: Oil major Royal Dutch Shell agreed to exit the Majnoon oilfield and hand over its operation to the state-run Basra Oil Co. by the end of June 2018, two oil officials close to the deal said on Wednesday.
A letter signed by Iraqi oil minister Jabar Luaibi, dated August 23 and seen by Reuters, gave approval for the Anglo-Dutch company to quit Majnoon, a major oilfield near Basra which started production in 2014.