Sell ​​Shell interest Iraqi field final

the hague - Shell sells its 20 percent interest in the West Qurna 1 Iraqi oil field at the Japanese Itochu. Messages about the sale did the round earlier and it was waiting for the usual approval. Shell receives for an amount of 406 million dollars (329 million euros). The debt of $ 144 million is also part of the agreement.

The West Qurna 1 oil field is currently managed by ExxonMobil and accounts for a daily production of around 405,000 barrels. The deal is expected to be completed within a few days. According to Shell, the deal does not affect other Iraqi activities of the oil and gas giant. Shell has an interest in Basrah Gas Company, among other things.