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Shell’s key Mideast interest is its 34% stake in state-led Petroleum Development Oman (PDO).
Here its net production rose from 205,000 b/d in 2014 to 215,000 b/d last year, implying a rise from 603,000 b/d to 632,000 b/d in overall PDO output. PDO is by far the largest producer in Oman with its 2015 output hike helping boost the country’s output to a record 981,000 b/d.
National output has since risen further setting a monthly record of 1.014mn b/d in February (see p18).
Shell’s other key regional assets are in Iraq. The firm’s net Iraqi output edged up to 55,000 b/d in 2015 from 53,000 b/d in 2014.
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