trending Market Intelligence /marketintelligence/en/news-insights/trending/bwwso9qdrxwrp9th4cm-_q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Shell completes sale of stake in Iraqi oilfield for $406M

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

Essential Energy Insights - June 11, 2020

A Decade of Underperformance for Gold Discoveries


Shell completes sale of stake in Iraqi oilfield for $406M

Shell EP Middle East Holdings B.V., a subsidiary of Royal Dutch Shell PLC, has completed the sale of the entire share capital of Shell Iraq B.V., which held its 19.6% stake in the West Qurna 1 oil field, to a subsidiary of Itochu Corp.

As part of the $406 million transaction, Japan-based Itochu has assumed debt of $144 million.

This divestment, which is another step in Shell's plan to sell $30 billion of its assets from 2016 to 2018, will not affect Shell's other businesses in the country. Exxon Mobil Corp. will continue to operate the West Qurna 1 venture.

In a March 23 statement, Shell's upstream director Andy Brown said the company remains committed to Iraq and that exiting West Qurna 1, which Shell joined in 2009, "allows us to focus our resources on other assets in our Iraq portfolio."

"Shell remains committed to working with its partners to redevelop Iraq's energy infrastructure by capturing associated gas, through the Basrah Gas Company (BGC) Joint Venture, for domestic and regional consumption," he said.