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Economics

Shell selling its stake in Iraq's West Qurna 1 oil field

Royal Dutch Shell is seeking to withdraw from Iraq's Majnoon oilfield and the oil ministry has started preparations to finalize its exit, according to an oil ministry letter and oil officials. A letter signed by Iraqi oil minister Jabar al-Luaibi and dated August 23 and directed to Shell Iraq Petroleum Development gave approval for Shell to quit Majnoon. Shell is also in the process of selling its 20% stake in Iraq's West Qurna 1 oil field, a spokesman said on Wednesday.

Source: http://www.zawya.com/mena/en/story/Shell_selling_its_stake_in_Iraqs_West_Qurna_1_oil_field-TR20170913nL5N1LU2JVX3/

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RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 804.6 -0.6% -16.1%
USD RSISX 828.9 -0.6% -12.5%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
TASC 5.440 9.9%
HBAG 8.600 3.0%
SNUC 0.370 2.8%
HISH 12.900 2.4%
IITC 8.350 2.0%

Worst Performers

Code Closing (IQD) % Chg
IBPM 1.410 -6.0%
BIIB 0.480 -5.9%
BUND 0.240 -4.0%
BCOI 0.490 -3.9%
BBAY 0.290 -3.3%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
BMFI 2,888.1 2,292.1
BCIH 1,443.8 1,145.8
BBOB 189.6 150.5
TASC 126.8 100.6
SBPT 79.8 63.4

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 126.8 100.6
Banking 4,719.3 3,745.5
Industry 23.0 18.3
Hotels & Tourism 55.4 44.0
Services 110.6 87.8
Agriculture - -
Insurance - -
Investment - -
Money Transfer - -
Total 5,035.2 3,996.2