Royal Dutch Shell (RDS.A, RDS.B) plans to invest more than $1B this year to develop Iraq's...

|About: Royal Dutch Shell plc (RDS.A)|By:, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) plans to invest more than $1B this year to develop Iraq's Majnoon oilfield, where it will resume operations in May, the head of the joint management committee for the field says. When Majnoon comes back on stream, initial output will be 100K bbl/day and quickly rise to 200K, according to Iraq's oil minister.