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China's CNPC interested in Iraq's Majnoon oilfield - oil officials
November 27, 2017 / 11:34 AM / 17 days ago

China's CNPC interested in Iraq's Majnoon oilfield - oil officials

BAGHDAD (Reuters) - China’s CNPC has expressed interest in developing Iraq’s giant Majnoon oilfield which Royal Dutch Shell wants to exit, two Iraqi oil officials told Reuters on Monday.

A worker walks through the Majnoon oilfield in Basra, 420 km (261 miles) southeast of Baghdad, October 6, 2013. . REUTERS/Essam Al-Sudani/Files

The oil ministry in Baghdad is waiting for Shell to officially exit the field located in southern Iraq before engaging in talks with other companies about developing it, they said. CNPC was not available for immediate comment.

Shell plans to exit Majnoon and hand over its operation to the state-run Basra Oil Co. by the end of June 2018, oil officials said last week.

Reporting by Ahmed Rasheed; writing by Maher Chmaytelli; editing by Jason Neely

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