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Iraq blames Shell for $4.6 billion lost income: Letter

Gulan Media August 27, 2013 News
Iraq blames Shell for $4.6 billion lost income: Letter
Iraq's oil ministry, struggling with sputtering output, has blamed Anglo-Dutch energy giant Shell over $4.6 billion in lost revenue due to production delays, in a letter seen by AFP on Monday.


The document, dated July 21, 2013, sharply criticises the foreign energy firm for shortfalls in oil extraction at the giant Majnoon field in south Iraq, and comes as oil exports have fallen to their lowest level in 16 months even as Baghdad has looked to cement its role as a key global energy producer.
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