Oil major Royal Dutch Shell agreed to exit the Majnoon oilfield and hand over its operation to the state-run Basra Oil Co. by the end of June 2018, two oil officials close to the deal said on Wednesday.
A letter signed by Iraqi oil minister Jabar Luaibi, dated August 23 and seen by Reuters, gave approval for the Anglo-Dutch company to quit Majnoon, a major oilfield near Basra which started production in 2014.

Source:Arabnews