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Iraq's Majoon Oil Field To Hit 175,000 Barrels A Day In August

Dow Jones Newswires --
Royal Dutch Shell PLC (RDSA.LN, RDSA, RDSB.LN, RDSB) and its partners are expected to boost output from Iraq's Majnoon oil field to 175,000 barrels a day in August, senior officials with the state-run South Oil Co. and Shell said Tuesday.

Majnoon, with estimated reserves of 12.6 billion barrels, is pumping between 50,000 to 60,000 barrels a day, Faisal Wadi, deputy head of the South Oil Co., said.

Shell and Malaysia's Petronas were awarded the deal in December 2009 to develop the field located in southern Iraq near the Iranian borders. Shell owns 45% of the venture and Petronas owns 30%, with the Iraq state-run company holding 25%.

Majnoon is one of 11 oil fields Iraq awarded in 2009 and 2010 to international oil companies with the aim of boosting its output to at least eight mi

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Submitted Feb 08, 2012 By: RENEGADEGAS

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PDQBlues Champion Author San Diego Posts:5,252 Points:1,088,225 Joined:Jan 2009	Message Posted: Feb 8, 2012 10:52:03 PM Ignore PDQBlues Report Abuse Uhm, listerone, you may be confusing Iraq with Iran. But Good for Iraq!
listerone Champion Author Boston Posts:1,810 Points:539,145 Joined:Aug 2008	Message Posted: Feb 8, 2012 10:04:48 PM Ignore listerone Report Abuse Once Isreal decides to act that field's production will drop to zero.
Edpap Champion Author Pennsylvania Posts:1,582 Points:153,000 Joined:Oct 2011	Message Posted: Feb 8, 2012 10:50:34 AM Ignore Edpap Report Abuse Do the US armed forces get any royalties on Iraqi Oil for saving the country?
glorioussnookie Champion Author Tennessee Posts:3,418 Points:596,655 Joined:Feb 2010	Message Posted: Feb 8, 2012 10:22:06 AM Ignore glorioussnookie Report Abuse scu227 certainly has a good point!
paulsond Sophomore Author Maryland Posts:145 Points:304,265 Joined:Sep 2008	Message Posted: Feb 8, 2012 9:21:37 AM Ignore paulsond Report Abuse is this the oil that Bush said would pay for our troops in Iraq?
scu227 Champion Author New Haven Posts:2,220 Points:421,650 Joined:Feb 2011	Message Posted: Feb 8, 2012 8:34:27 AM Ignore scu227 Report Abuse Are they going to pay us back in oil ??
bullet226 Champion Author Toronto Posts:2,696 Points:530,915 Joined:Nov 2010	Message Posted: Feb 8, 2012 7:14:55 AM Ignore bullet226 Report Abuse Canada has more oil than the entire middle east region
el_fr Champion Author Massachusetts Posts:1,529 Points:386,165 Joined:Apr 2011	Message Posted: Feb 8, 2012 6:38:02 AM Ignore el_fr Report Abuse We should send Ieaq a bill.
Luckylindy Champion Author Milwaukee Posts:2,692 Points:772,220 Joined:May 2008	Message Posted: Feb 8, 2012 5:55:24 AM Ignore Luckylindy Report Abuse Thats all ours right? According to all the lefties we went in there for the oil.
mike1881 All-Star Author Fayetteville Posts:719 Points:261,805 Joined:Feb 2011	Message Posted: Feb 8, 2012 5:03:15 AM Ignore mike1881 Report Abuse We should have took over the oil fields when we went in their. It is the least they could do for getting Saddam.
jrs4125 All-Star Author Indiana Posts:926 Points:231,645 Joined:Sep 2011	Message Posted: Feb 8, 2012 3:40:52 AM Ignore jrs4125 Report Abuse Can you SMELL the freedom in the air?
OHMS Champion Author Orange County Posts:11,294 Points:1,339,275 Joined:May 2005	Message Posted: Feb 8, 2012 3:08:42 AM Ignore OHMS Report Abuse The Anglo-Dutch company also will start a seismic survey after it finishes with clearing mines from the field, which was a battlefield during the Iraq-Iran war in 1980-88. SOME THINGS never change.