Iraq Oil Contracts Auctioned
After a bidding war among 44 oil companies, Shell of the United Kingdom and Petronas of Malaysia have jointly won the right to 10 oil fields in Iraq, in the second such auction since the 2003 invasion.After a bidding war among 44 oil companies, Shell of the United Kingdom and Petronas of Malaysia have jointly won the right to 10 oil fields in Iraq, in the second such auction since the 2003 invasion. — JCL
Your support matters…The BBC:
A joint venture between the UK’s Shell and Malaysia’s Petronas oil companies has won the right to develop Iraq’s giant Majnoon oil field.
[…] Shell and Petronas beat a rival bid from France’s Total and China’s CNPC.
Although Majnoon is a huge oil field, with reserves of 13 billion barrels of oil, it currently produces just 46,000 barrels per day.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.