News Headline Summary

Shell has begun to test production at Iraq's Majnoon oil field and aims to boost output to about 190,000 bpd in October, according to an Iraqi official

Analysis details (14:30)

- The Majnoon oil field is one of four very large oil fields in Iraq that the country hopes will enable it to double its output which currently stands at 3mln bpd.
- Majnoon has proven oil reserves of 12.8bln bbl, although it is believed to have total reserves of between 23bln and 25bln bbl.

20 Sep 2013 - 14:21 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: