Oil deal signings to start Sunday

Majnoon, Garraf, Qaiyarah and Najmah to be signed starting Sunday, while ministry awaits companies to OK changes to remaining five deals aimed to drastically boost production capacity.

BAGHDAD - Officials from Shell and Petronas will be at a signing ceremony scheduled for Sunday in Baghdad to make official the contract for super-major oil field Majnoon.

It was awarded to the top bidder at the Dec. 11 and 12 auction at the Iraqi Oil Ministry headquarters. The field is among 10 oil projects awarded in that auction and on June 30, which the ministry said will help increase production capacity to more than 12 million barrels per day (bpd).

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