Iraq Ends Emergency State in Majnoon Oilfield

Iraq Ends Emergency State in Majnoon Oilfield

Iraq has put an end to the emergency state in the Majnoon oilfield, according to Thamer Ghadhban, Iraq’s Oil Minister, Reuters reported.

The country proclaimed the emergency state as a precaution due to the floods that hit the region during winter and spring.

The floods did not affect the normal production capacity of the oilfield, which is around 240,000 barrels per day (b/d), In addition, Iraq plans to boost the capacity to around 450,000 b/d in 2021.

The Majnoon oilfield is currently operated by Basra Oil Company after the withdrawal of Royal Dutch Shell.

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