Iraqi Oil Ministry plans to increase output from Majnoon oilfield "during next years"

Iraqi Oil Ministry came out with a statement, announcing that they plan to increase production from Majnoon oilfield to more than 400,000 bpd "during next years".

Key Points:

Iraqi Oil Ministry starts receiving Majnoon oilfield operations and documents from Shell.

Shell will complete handing over all operations and exit Majnoon by end June 2018.