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Tuesday, December 15, 2009

Iraq, France and Total’s rights in Majnoon oil fieldnote

Despite that Royal Dutch Shell and Petronas won oil service contract for Majnoon oil field, Total of France is said to be preserving its investment rights in this field. The following 386-word report sheds light on the issue and tells what the position is at the Iraqi Presidency, the Premiership and the Oil Ministry. Note that France is in talks with Iraq to reactivate a pre-war memorandum of understanding (MoU) on the field.

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