Antonoil, Petrofac to take over Majnoon from Shell

 

Oil executives have told Reuters that the Iraqi Oil Ministry has signed a two-year contract with China’s Anton Oilfield Services (Antonoil) and Petrofac to operate the giant Majnoon oilfield (pictured).

The companies will operate the oilfield on behalf of the state-owned Basra Oil Company (BOC), which will take over operations from Shell by the end of June.

Source: Iraq-Business News

OPEC oil price bullish over possible western air strikes against Syria
Southern Refineries to Increase Capacity by 33%