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Shell to invest $1 billion at big Iraq oilfield - official

Royal Dutch Shell will spend more than $1 billion (661 million pounds) this year developing one of Iraq major oilfields, where it will resume operations on May 1, officials said on Saturday.

"The figure for the budget will exceed one billion dollars," said Mehdi Badi, the head of the joint management committee for the field.

The Majnoon field was shut down in June for maintenance and to bring new production facilities online.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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