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[ltr]Shell will deliver the Majnoon oil field to the Iraqi government by the end of June 2018[/ltr]
[ltr]economy [/ltr]
Since 2017-11-08 at 16:28 (Baghdad time)
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[ltr]Follow up of Mawazine News[/ltr]
[ltr]- Royal Dutch Shell has agreed to leave the Majnoon oil field and hand over its operations to the state-run Basra Oil Company by the end of June 2018, two officials familiar with the Iraqi oil sector said on Wednesday.[/ltr]
[ltr]A letter signed by Iraqi Oil Minister Jabbar al-Luaibi dated August 23 and signed by Reuters gave the British-Dutch company permission to leave the oil field near Basra, which began production in 2014.[/ltr]
[ltr]The agreement was signed at a meeting between Shell and officials of the Basra Oil Company on Monday in the Majnoon oil field, the officials said.[/ltr]
[ltr]An official familiar with the meeting said: "We agreed that an eight-month period would be sufficient for Shell to complete its preparation to get out of a madman." Basra Oil Company will take over operations in the field.[/ltr]
[ltr]Oil officials said the Majnoon field currently produces about 235,000 barrels of oil a day.[/ltr]
[ltr]Another Iraqi oil official said that under the exit agreement, Iraqi workers appointed and trained by Shell will continue to work in Majnoon, although the development will be handed over to Iraq or another foreign contractor.[/ltr]
[ltr]A spokesman for Shell could not be reached for comment.[/ltr]
[ltr]Shell said it would focus on the development and growth efforts of the Basra Gas Company in Iraq after handing over the Majnoon field to the Iraqi government.[/ltr]
[ltr]Basrah Gas Company is a joint venture between Shell, South Gas Company, Mitsubishi and Nebras Petrochemicals[/ltr]
[ltr]
[/ltr]
[You must be registered and logged in to see this link.]
[ltr]economy [/ltr]
Since 2017-11-08 at 16:28 (Baghdad time)
[ltr][You must be registered and logged in to see this image.][/ltr]
[ltr]Follow up of Mawazine News[/ltr]
[ltr]- Royal Dutch Shell has agreed to leave the Majnoon oil field and hand over its operations to the state-run Basra Oil Company by the end of June 2018, two officials familiar with the Iraqi oil sector said on Wednesday.[/ltr]
[ltr]A letter signed by Iraqi Oil Minister Jabbar al-Luaibi dated August 23 and signed by Reuters gave the British-Dutch company permission to leave the oil field near Basra, which began production in 2014.[/ltr]
[ltr]The agreement was signed at a meeting between Shell and officials of the Basra Oil Company on Monday in the Majnoon oil field, the officials said.[/ltr]
[ltr]An official familiar with the meeting said: "We agreed that an eight-month period would be sufficient for Shell to complete its preparation to get out of a madman." Basra Oil Company will take over operations in the field.[/ltr]
[ltr]Oil officials said the Majnoon field currently produces about 235,000 barrels of oil a day.[/ltr]
[ltr]Another Iraqi oil official said that under the exit agreement, Iraqi workers appointed and trained by Shell will continue to work in Majnoon, although the development will be handed over to Iraq or another foreign contractor.[/ltr]
[ltr]A spokesman for Shell could not be reached for comment.[/ltr]
[ltr]Shell said it would focus on the development and growth efforts of the Basra Gas Company in Iraq after handing over the Majnoon field to the Iraqi government.[/ltr]
[ltr]Basrah Gas Company is a joint venture between Shell, South Gas Company, Mitsubishi and Nebras Petrochemicals[/ltr]
[ltr]
[/ltr]
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