Shell's Majnoon Deal Highlights Iraq Oil Target Verdict

Source: Reuters 5/18/2012, Location: Middle East

Shell is pressing ahead with talks over final development of Iraq's Majnoon oilfield, a senior executive told Reuters, and a lower, more realistic oil production target is a core part of discussions. Majnoon is one of four southern super giant fields that are vital to Iraq's ambition to at least double its oil output and put it firmly back among the world's top producers.


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