Total was shocked by its better bidding competitor Shell, which offered to produce 1.8 million barrels per day (bpd) of oil from super-giant Majnoon for at least 10 years, and only asked to be paid $1.39 per barrel.
Total offered to produce 1.405 million bpd and wanted to earn $1.75 per barrel.
Shell partnered with Petronas, on a 60/40 split. Total had a 57/43 percent split with CNPC.
[caption id="attachment_3335" align="alignright" width="300" caption="Iraqi Oil Minister Hussain al-Sha...
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