* Shell (LSE: RDSB.L - news) to relinquish stake in Majnoon field * Oil giant in process of selling West Qurna 1 stake * Company says to focus on Iraq's gas production By Ron Bousso LONDON, Sept 13 ...
LONDON (REUTERS) - Royal Dutch Shell is set to end a century of oil production in Iraq by withdrawing from two of the Arab state's flagship fields to focus on more profitable gas development. Shell's ...
Shell`s retreat highlights the challenges foreign operators face with low-margin oil contracts in Iraq, an OPEC member that sits on some of the world`s biggest oil reserves and wants to boost ...
It has a 44 percent stake in the joint venture. Shell produced almost 20 million barrels of oil from Iraq during 2016, which accounted for about 3.5 percent of the firm's total oil output last year, ...
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