The Anglo-Dutch oil group is considering the sale of its shares in oil fields in Iraq, as part of a global divestiture program. Shell would like, however, to keep Iraqi gas assets in its portfolio.
The program involves a $ 54 billion merger with BG Group, which forces Shell to seek savings. Anecdotal evidence says the company wants to focus on the highest profitable areas of business such as LNG and products in Brazil and the Gulf of Mexico.
Shell plans to prove that foreign oil companies are not happy with the agreement with the operator, which it signed with the Iraqi government several years ago, which operates regardless of the price of raw materials. As a result, following the slump in crude oil prices since mid-2014, profits for operators in Iraqi production have declined significantly, while revenues for the Iraqi budget remain unchanged.
Shell plans to sell oil fields in Iraq
|
Azovpromstal® 30 November 2016 г. 10:28 |
