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Shell selling its stake in Iraq's West Qurna 1 oil field

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Shell selling its stake in Iraq's West Qurna 1 oil field

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LONDON (Reuters) – Royal Dutch Shell <RDSa.L> is in the process of selling its 20 percent stake in Iraq’s West Qurna 1 oil field, a spokesman said on Wednesday. The move comes as the Anglo-Dutch company said it had handed back to the Iraqi government operations at the Majnoon oil venture, one of the largest fields in OPEC member Iraq. A spokesman for the company confirmed that Shell’s stake in the West Qurna field, operated by Exxon Mobil <XOM.N>, was subject to an ongoing sales process.

(Reporting by Ron Bousso; editing by Jason Neely)
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