Iran tells Shell and Repsol to hurry up
Source: Agencies |
May 11, 2010, Tuesday
|
Print Edition
Print Edition
EUROPEAN oil giants Shell and Repsol have been given two weeks to decide on their investments in an Iranian gas project or be replaced by domestic companies, an Iranian oil official said yesterday.
"The oil ministry has already given Shell and Repsol a deadline," said Reza Kasaeizadeh, the head of the National Gas Exporting Company.
Kasaeizadeh said the Spanish and Anglo-Dutch companies have been in negotiations with Iran on their role in developing phases of the South Pars gas project for "a long time," but they "have not entered into the final decision-making phase."
Western oil companies have been wary of following through on energy projects in Iran, worried they could face punitive measures for dealing with a nation under sanction over its nuclear program.
"The oil ministry has already given Shell and Repsol a deadline," said Reza Kasaeizadeh, the head of the National Gas Exporting Company.
Kasaeizadeh said the Spanish and Anglo-Dutch companies have been in negotiations with Iran on their role in developing phases of the South Pars gas project for "a long time," but they "have not entered into the final decision-making phase."
Western oil companies have been wary of following through on energy projects in Iran, worried they could face punitive measures for dealing with a nation under sanction over its nuclear program.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
