Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell A    RDSA   GB00B03MLX29

Delayed Quote. Delayed  - 09/23 05:35:51 pm
21.545 EUR   -0.39%
09/23 ROYAL DUTCH SHE : Why Iraqs Oil Production Has Reached It Limits
09/23 ROYAL DUTCH SHE : Local officials begin preparing for Shell cracker'..
09/22 ROYAL DUTCH SHE : Major LNG exports by Egypt seen unlikely
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Royal Dutch Shell A : Why Iraqs Oil Production Has Reached It Limits

share with twitter share with LinkedIn share with facebook
share via e-mail
09/23/2016 | 08:18pm CEST

Iraq has succeeded in ramping up oil production by more than 1 million barrels per day over the past two years, a remarkable achievement for a country that was torn apart by the lightning advances made by the Islamic State.

But Iraqs success could be running up against a wall at this point, as low oil prices sap the state of the resources it needs to invest in further production. Iraq finances the investments in the states oil production, with much of the work carried out by international companies such as Lukoil, BP and Royal Dutch Shell. The meltdown in crude oil prices has led to a sharp fall in state revenue. Without that revenue, Iraq and its partner companies are being forced to scale back their ambitions.

The Wall Street Journal reports that the international companies operating Iraqs massive oil fields outside of Basra in the south are trimming their drilling plans. Youre going through difficult months, Ariel Flores, GM of the BP-led Rumaila Operating Organization, told the WSJ in an interview. You slow down and you make decisions to pause efforts. Rumaila, considered to be the second largest oil field in the entire world, will see production stay flat at 1.4 mb/d. Shell and Lukoil are also cutting back on their efforts to boost production at several of their key fields, though they had ambitious plans to do so. Instead, they are focusing on keeping output from falling.

A few years ago, Iraq had a goal of tripling output to 9 mb/d by 2020. Although it was considered unrealistic, most oil analysts saw a huge upside to Iraq. The IEA predicted Iraq would double output to 6 mb/d by 2020, but that no longer looks workable either.

Production stands at about 4.3 million barrels per day, up substantially from the 3.27 mb/d Iraq averaged in 2014. But further gains would require more drilling and a lot more money for investment something that is increasingly scarce in Iraq.

(c) NNA 2016 LEBANON Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ROYAL DUTCH SHELL A
09/23 ROYAL DUTCH SHELL A : Why Iraqs Oil Production Has Reached It Limits
09/23 ROYAL DUTCH SHELL A : Local officials begin preparing for Shell cracker's presen..
09/23 ROYAL DUTCH SHELL A : Shell Oil Assigned Patent
09/22 ROYAL DUTCH SHELL A : Major LNG exports by Egypt seen unlikely
09/22 ROYAL DUTCH SHELL A : State Sen. Bartolotta doesn't expect significant public op..
09/21DJOil Companies in Iraq Hunker Down as Investment Slows
09/20 GLOBAL AROMATIC PROCESS OIL MARKET 2 : Royal dutch shell plc, chevron corp, nyna..
09/19 ROYAL DUTCH SHELL A : Quest CCS Project Reaches Significant One-Year Milestone
09/19 ROYAL DUTCH SHELL A : Issuance of New Shares
09/19 ROYAL DUTCH SHELL A : Qatar a forward looking nation with dynamism and ambition
More news
Sector news : Oil & Gas Refining and Marketing - NEC
09/23 Federal Reserve proposes new limits on Wall Street energy bets
09/22 Vodafone injects 477 billion rupees into Indian arm as competition intensifie..
09/22 BP : Azeri BP says Shah Deniz 2 on track to start gas supply from in 2018
09/22DJCHINA PETROLEUM & CHEMICAL : Sinopec Group Selling USD-Denominated Bonds via 3 T..
09/21DJOil Sector, Investors React to SEC Probe of Exxon -- Update
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
09/22 Gazprom discovers new gas deposit in Sea of Okhotsk
09/22 Maersk eyes Shell's North Sea assets
09/21 Royal Dutch Shell - Strong Dividends And Growth Potential
09/21 Suncor to take $105M charge on non-commercial well
09/20 Nigeria sues oil companies for $12.7B over "illegal" oil exports
Financials ($)
Sales 2016 234 348 M
EBIT 2016 13 266 M
Net income 2016 8 019 M
Debt 2016 66 506 M
Yield 2016 7,73%
P/E ratio 2016 18,05
P/E ratio 2017 10,41
EV / Sales 2016 1,14x
EV / Sales 2017 0,93x
Capitalization 201 191 M
More Financials
Duration : Period :
Royal Dutch Shell A Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Full-screen chart
Technical analysis trends ROYAL DUTCH SHELL A
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 31,1 $
Spread / Average Target 28%
Consensus details
EPS Revisions
More Estimates Revisions
Ben van Beurden Chief Executive Officer & Executive Director
Charles Holliday Chairman
Simon P. Henry Chief Financial Officer & Executive Director
Harry Brekelmans Director-Technology & Projects
Gerardus Johannes Wijers Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BP PLC23.42%108 037
CHINA PETROLEUM & CHEM..-2.22%87 542
More Results