3 foreign companies want to form an oil alliance to develop the Majnoon field instead of Shell


Oil Minister Jabbar al-Allaibi said on Thursday that new companies would develop the Majnoon field after Shell expressed its desire to exit.
“Chevron, Total and PetroChina may form a consortium to develop the Majnoon oil field, which Royal Dutch Shell wants to get out of,” Al-Allaibi said on the sidelines of an OPEC meeting in the Austrian capital Vienna.
Royal Dutch Shell plans to get out of a madman and hand over its operations to the state-run Basra Oil Company by the end of June 2018.
Iraq itself will develop the Majnoon field, which currently produces about 235,000 barrels of oil a day, until it finds a foreign partner.

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