Royal Dutch Shell has allocated more than $1 billion to develop Iraq's Majnoon oilfield in 2013, the head of the joint management committee for the field said.
"The figure for the budget will exceed one billion dollars," said Mehdi Badi.
The country's oil minister Abdul Kareem Luaibi earlier said the oil major would resume operations at the field on May 1, with initial production of 100,000 barrels per day.
March 17
Reuters
