Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal programme, industry sources said on Monday.
Shell is seeking to slim down its vast oil and gas portfolio following the $54 billion acquisition of BG Group in February, which transformed it into the world's top liquefied natural gas trader.
With oil prices having slumped since 2014 the company wants to focus on business areas with the highest returns such as LNG and deep water oil production in Brazil and the Gulf of Mexico.
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