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Iran gives ultimatum to Shell, Repsol
Iran has given Shell and Repsol two weeks to make their final decision on investing in key gas projects in southern Iran. "Iran's Oil Ministry has given an ultimatum to Shell, and Repsol and they have to decide on phases 13 and 14 of South Pars in two weeks," Mehr News Agency quoted the head of the National Iranian Gas Export Company (NIGEC) as saying on Monday. Royal-Dutch Shell and Spain's Repsol have been locked in negotiations with Iran since 2002 to develop the two gas phases in southern Iran. Reza Kasayizadeh warned that these two companies will be replaced with local firms, should they fail to meet the deadline for making their final decision. "By giving the gas projects to local firms we will certainly avoid being behind schedule for development of the South Pars field," Kasyizadeh noted. Posted by: Fred 2010-05-11 |
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