By Julianne Geiger – Nov 28, 2016, 2:24 PM CST
Royal Dutch Shell is considering exiting its positions in Iraqi oil fields, according to industry sources cited by Reuters.
Shell, which declined to comment, is the world’s top liquefied natural gas producer, and is only exiting its oil field assets in Iraq, not its gas field assets. Iraq accounted for 4.4 percent of Shell’s total oil and gas production in 2015.
The fields in question are the Majnoon field, in which Shell holds a 45 percent interest, and the West Qurna field. Majnoon produces an average of 200,000 barrels per day, according to Shell’s website.