Shell Planned Shut-Down at Majnoon

Shell has reportedly begun a planned three-day production shutdown at Iraq's Majnoon oilfield for upgrades and maintenance.

The field, which is currently producing around 65,000 barrels per day (bpd), is expected to restart output on Wednesday, a company spokesman said.

Majnoon is one of the fields awarded to international companies as part of the OPEC country's plans to raise its output to 12 million bpd from 2.7 million bpd.

According to Reuteres, most analysts see 6-7 million bpd as a more realistic target.

(S0urce: Reuters)

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