Shell Already Reports Success at Majnoon

Royal Dutch Shell (LSE: RDSB) has already raised oil production from Iraq’s Majnoon field to 70,000 barrels a day, up from 45,000 barrels a day previously, the company’s Chief Executive, Peter Voser, said on Tuesday.

The risk of operating in Iraq has increased in recent months, but operations are still going well, he said. The production increase required “relatively little investment because infrastructure is already there”.

(Source: Dow Jones)

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