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May 8, 2012
07:50 EDTRDS.AShell seeks to lower Iraq Majnoon output target, Reuters reports
Royal Dutch Shell (RDS.A), in talks with Iraq, is seeking to lower the production target for the Majnoon oilfield, oil ministry documents show, reports Reuters. The documents, seen by Reuters, mention a reduction in the target at the Majnoon field to 1M barrels per day from 1.8M. Such a move may lead to discussions with other companies, and to a downsizing of the country's output goals. Reference Link
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