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Shell is seeking to withdraw from an oil field in southern Iraq

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rocky
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Shell is seeking to withdraw from an oil field in southern Iraq

Post by rocky on Wed 13 Sep 2017, 3:50 am

Shell is seeking to withdraw from an oil field in southern Iraq






Iraqi oil officials working with the company "Shell" in the Majnoon oil field, said Wednesday that the company is seeking to withdraw from the field in the south of Iraq.
Reuters quoted a senior Iraqi engineer and three other oil officials as saying that Royal Dutch Shell is seeking to withdraw from the Mahanoon oilfield.
"The ministry has begun to finalize the company's exit," Iraqi Oil Minister Jabbar al-Luaibi said in a letter dated August 23. "We respect your desire and your decision to seek an acceptable end to Shell's Iraq stake in Majnoon."
And gave the letter Allaibi, approval of the Anglo-Dutch company to withdraw from the field of Majnoon.
In November, oil industry sources said Shell was considering selling its oil fields in Iraq as part of its global $ 30 billion asset disposal program.

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