A decision by Royal Dutch Shell to boost its divestment strategy by leaving one of the larger oil fields in Iraq is a sign of investment risk, an analyst said. Shell’s Middle East subsidiary said it agreed to sell the entire capital in its Iraqi division to Japan’s Itochu Corp. for $406 million. The deal includes Shell’s 19.6 percent stake in the West Qurna 1 oil field in southern Iraq. “Iraq is an important country for the Shell Group, and exiting West Qurna 1 allows us to focus our resources on other assets in our Iraq portfolio,” Shell’s Upstream Director, Andy Brown, said in a statement . Exxon Mobil had an agreement with Iraqi state oil companies and […]