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Shell sells its stake in West Qurna oil field DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Shell sells its stake in West Qurna oil field

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Shell sells its stake in West Qurna oil field Empty Shell sells its stake in West Qurna oil field

Post by RamblerNash Tue Jan 16, 2018 2:17 am

Shell sells its stake in West Qurna oil field

Shell sells its stake in West Qurna oil field Oil%20(2)

Twilight News

2 hours ago

A spokesman for Royal Dutch Shell said on Monday that the company agreed to sell its stake in Iraq's West Qurna 1 oil field to Japan's Itochu.

"Itocho and Shell have reached an agreement to sell Shell's stake in the West Qurna 1 oilfield and are currently working on all necessary approvals from the government of Iraq," a Shell spokesman said.

"The details of the discussions are confidential with regard to the commercial aspect," he said.

A senior Iraqi oil official recently confirmed that Iraq had agreed to sell Shell its 20% stake in West Qurna 1 oil field to Itochu.

West Qurna 1, run by Exxon Mobil, produces about 405,000 bpd.

http://www.shafaaq.com/ar/Ar_NewsReader/35d9f739-dffd-405c-b2ae-1cb147b368e2
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