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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Shell sells its entire stake in West Qurna / 1 to a Japanese company

    Rocky
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    • Post n°1

    Shell sells its entire stake in West Qurna / 1 to a Japanese company Empty Shell sells its entire stake in West Qurna / 1 to a Japanese company

    Post by Rocky Fri 23 Mar 2018, 8:51 am

    [size=30]Shell sells its entire stake in West Qurna / 1 to a Japanese company[/size]
    23/03/2018 01:50 | Number of readings: 93
    font size: [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]
    [rtl]Trend Press / Agencies[/rtl]
     
    [rtl]LONDON (Reuters) - Royal Dutch Shell Oil Co. agreed on Friday to sell its entire stake in West Qurna 1 oilfield in Basra province to Japan's Itochu Corp. for $ 406 million .[/rtl]

    [rtl]The deal comes at a time when the British-Dutch company agreed to exit the Majnoon oil project, one of the largest fields in Iraq, OPEC member, and hand over its operations to the state-run Basra Oil Company by the end of June .[/rtl]

    [rtl]The company said Shell BP Middle East Holdings would sell its entire stake in Iraq Shell, which owns 19.6 percent of the oilfield, to a subsidiary of Itochu .[/rtl]

    [rtl]Under the agreement, Itochu will also have a $ 144 million debt .[/rtl]

    [rtl]Shell said it has obtained the necessary regulatory approvals and is expected to complete the sale soon, with the effective date of the agreement on 31 December 2015 .[/rtl]

    [rtl]A senior Iraqi oil official was told in January that Iraq had agreed to sell .[/rtl]

    [rtl]West Qurna 1, run by Exxon Mobil, produces about 405,000 barrels per day at present.[/rtl]

    [rtl][You must be registered and logged in to see this link.]
    [/rtl]
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