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2014-04-08 18:06:00

SHELL STARTS IRAQ

SHELL  STARTS  IRAQ

OGJ.  Royal Dutch Shell PLC has exported its first shipment of crude from Iraq's Majnoon field after surpassing its initial commercial production target. The field, operated in conjunction with South Oil Co., Malaysia's Petronas, and Missan Oil Co., is producing 210,000 b/d, said Shell.
The milestone comes just 8 months after Majnoon production was restarted by the partners following major overhauls, including clearing war munitions, upgrading safety standards, and building a greenfield central processing plant that will allow increased capacity. In that time, Shell says it has drilled 18 wells.
"The lifting of Shell's first oil shipment from Majnoon has great significance to us and our partners in the [Iraqi] government as it is a testimony to our shared progress and signals the start of Majoon's long-term journey toward generating further revenue for Iraq's economy, and as an investment in Iraq's future," said Hans Nijkamp, vice-president and chairman of Shell in Iraq.
In 2010, Iraq's Ministry of Oil signed a 20-year contract with Shell and its partners for the development of Majnoon field, one of the largest oil fields in the world. (OGJ Online, Jan. 18, 2010). Shell owns a 45% stake, Petronas 30%, and Missan 25%.
The consortium targets a production plateau of 1.8 million b/d of oil from its Majnoon operations.

Tags: SHELL, IRAQ, OIL

Chronicle:

SHELL  STARTS  IRAQ
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

SHELL  STARTS  IRAQ
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

SHELL  STARTS  IRAQ
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

SHELL  STARTS  IRAQ
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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