December 11, 2009 By The Associated Press SINAN SALAHEDDIN (Associated Press Writer) BAGHDAD (AP) A consortium led by European oil giant Shell has won the rights to develop Iraq’s giant Majnoon oil field, an almost 13 billion barrel behemoth that is the largest on offer in the country’s second international oil auction. Iraqi Oil [...]
Posts on ‘December 11th, 2009’
REUTERS BAGHDAD, Dec 11 (Reuters) – Royal Dutch Shell (RDSa.L) and partner Petronas of Malaysia won a deal to develop Iraq’s super-giant Majnoon oilfield on Friday, said Oil Minister Hussain al-Shahristani, in the country’s second bidding round since the 2003 U.S. invasion. The companies proposed a per-barrel fee of $1.39 and a plateau production target [...]
SINGAPORE (Dow Jones)–Royal Dutch Shell Plc (RDSB) hasn’t received official approval to build a refinery and petrochemical complex with Qatar Petroleum International and PetroChina (PTR) yet, a senior company executive said Friday.
Three British companies BP, Cairn Energy and BG Group are among the bidders, alongside companies such as Royal Dutch Shell, Total and Gazprom. Competition is expected to be fierce and the groups were reluctant to reveal which fields they wanted.