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Shell CEO: Oil Output At Iraq Majnoon Field Up To 70,000 B/D

OCTOBER 12, 2010, 6:07 A.M. ET

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) has already raised oil production from Iraq’s Majnoon field to 70,000 barrels a day, from 45,000 barrels a day previously, the company’s Chief Executive Peter Voser said Tuesday.

The risk of operating in Iraq has increased in recent months, but operations are still going well, he said. The production increase required “relatively little investment because infrastructure is already there,” he said.

-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected]

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