Iraq finalizes oil deal with Shell

Iraq's oil minister and officials from Royal Dutch Shell and Malaysia's Petronas made official Sunday the contract to drastically boost production in Iraq's Majnoon oil field.

The signing took place in the same theater venue in Iraq's Oil Ministry headquarters where in December it awarded seven oil fields to the highest bidder.

Another field, Garraf, was signed Monday with Petronas and Japex, of Japan. Two other fields from the December 11 and 12 auction will be signed next week, accor…

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