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RDS.B Royal Dutch Shell Plc

51.06
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Royal Dutch Shell Plc NYSE:RDS.B NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 51.06 0 01:00:00

Shell to Hand Over 45% Interest in Iraq's Majnoon Oil Field

27/06/2018 3:06pm

Dow Jones News


Royal Dutch Shell (NYSE:RDS.B)
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   By Oliver Griffin 
 

Royal Dutch Shell PLC (RDSB.LN) said Wednesday that its subsidiary, Shell Iraq Petroleum Development BV, will hand over its 45% interest in Iraq's Majnoon oil field to the Basra Oil Company on June 30.

In a statement to Dow Jones, Shell said it remains committed to doing business in Iraq and will now focus its efforts on growing the Basrah Gas Company and on advancing the Nebras petrochemical project.

Majnoon is one of the largest oil fields in the world, estimated to hold over 12 billion barrels of oil.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com

 

(END) Dow Jones Newswires

June 27, 2018 09:51 ET (13:51 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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