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Total considers developing Iraq's Majnoon - report

French supermajor interested in replacing Anglo-Dutch counterpart Shell at oilfield, report says

Total is interested in developing the Majnoon oilfield in southern Iraq where Shell is making an exit, the Iraqi Oil Ministry said on Friday.

A senior Total executive communicated the French company's interest in a meeting with Oil Minister Jabar al-Luaibi in Baghdad, the ministry said in a statement.

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Total also expressed an interest in investing in the Nassiriya oil and gas project which provides for upstream and downstream development in the southern Iraqi region.

The project aims to increase output from the oilfields of Nassiriya, processing the fuel in refineries, and recovering the associated gas to supply power stations or for export.

Anglo-Dutch supermajor Shell said last month it had agreed with Iraq's oil ministry to relinquish operations at the Majnoon field to the government after unfavourable changes to fiscal terms.