Shell to go ahead with Iraqi dock

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The Independent Online

Iraq has given the go-ahead for Royal Dutch Shell to build a dock in the Shatt al-Arab waterway to help move heavy equipment to the super-massive Majnoon oilfield it is developing.

Shell will pay for the 25-metre quay, which will be used to move materials from the sea port at Umm Qasr near Basra more quickly than via the overland route.

Majnoon is one of the biggest oilfields in the world, but decades of underinvestment have left it woefully inefficient. In the aftermath of the Iraq war, Shell and Malaysia's state-owned Petronas won a 20-year contract to raise Majnoon's oil output from about 70,000 barrels a day to more than 1.8 million barrels.