Shell Sells $406 M Stake in Iraqi Oil Field to Itochu Subsidiary
Shell has agreed to sell its 19.6% stake in the West Qurna 1 oil field in southern Iraq to a subsidiary of Itochu Corporation for $406 million.
Shell has agreed to sell its 19.6% stake in the West Qurna 1 oil field in southern Iraq to a subsidiary of Itochu Corporation for $406 million.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the agreement signing for the development of Badr Petroleum Company (Bapetco).
Shell Lubricants Egypt renewed its partnership agreement with Sukari Gold Mine for the second time.
Iraq approved the sales of the 20% stake owned by Royal Dutch Shell in the country’s West Qurna 1 oil field to Japan’s Itochu Corporation.
Royal Dutch Shell has begun transferring operations at the Majnoon oilfield to the Iraqi Oil Ministry.
Kuwait Petroleum Corporation (KPC) signed a 15-year contract with Royal Dutch Shell for the import of liquefied natural gas (LNG).
Shell Egypt was among the firms in the delegation of the British Egyptian Business Association (BEBA) to the UK.
Egypt is preparing to take a part at Shell's global festival, entitled 'Make the Future', which is celebrating innovative ideas and solutions concerned with global energy challenges.
Eni and BP have expressed interest in taking over operations from Royal Dutch Shell at Iraq’s Majnoon oilfield.