Royal Dutch Shell confirms Iraq talks

Royal Dutch Shell PLC on Friday confirmed it’s in contract negotiations to boost Iraq’s petroleum output, after reports that the western oil giants are close to resuming a major role in the war-torn country for the first time in 36 years.
The oil majors as well as a host of smaller companies are in talks with Iraq’s oil ministry for unusual no-bid contracts to service the largest oil fields, the New York Times reported earlier this week, citing ministry officials, oil company officials and an American diplomat.

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