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Shell restarts Iraq's Majnoon oilfield

  • Royal Dutch Shell (RDS.A, RDS.B) has restarted production at Iraq's Majnoon oilfield and aims to boost output to 175K bbl/day in October.
  • Shell has built a strong position in southern Iraq as operator of Majnoon, junior partner with Exxon at West Qurna-1 and a partner in a natural gas project.
  • Majnoon is one of four giant fields core to Iraq's plans to boost output by 400K bbl/day and avoid a slowdown in exports this year.
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