Total is interested in developing the Majnoon oil field in southern Iraq which Shell is planning to exit, the Iraqi oil ministry said on Friday.
Shell to relinquish operations
A Petrochina executive expressed the company’s interest at a meeting with Oil Minister Jabar al-Luaibi in Baghdad.
The refinery is part of a larger project to develop the Nassiriya region’s oil and gas reserves.
The plan provides for increasing the fields’ output and the processing of their production at the new Nassiriya refinery, and to recover the associated gas to supply power stations or process it for exports.