Shell's (RDS.A) Majnoon oilfield in Iraq is expected to hit output above 200K bbl/day in Q3,...


Shell's (RDS.A) Majnoon oilfield in Iraq is expected to hit output above 200K bbl/day in Q3, above the level needed to start recovering costs, good news for Iraq's government whose oil policy has been damaged by news that Exxon (XOM) will pull out of a major project and shift its attention to Kurdistan. Majnoon has been shut since June for maintenance and to bring new production facilities online.

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