Chevron, Total, Petrochina may develop Iraq's Majnoon oilfield

By REUTERS

November 30, 2017 13:21

Breaking news. (photo credit: JPOST STAFF)

Chevron, Total and Petrochina may form a consortium to develop Iraq's Majnoon oilfield which Royal Dutch Shell wants to exit, Oil Minister Jabar al-Luaibi said in Vienna on Thursday.

Shell plans to exit Majnoon and hand over its operation to state-run Basra Oil Co. by the end of June 2018.

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