[lbo-talk] Shell says signs Iran upstream deal

uvj at vsnl.com uvj at vsnl.com
Wed Feb 7 18:21:57 PST 2007


Reuters.com

Shell says signs Iran upstream deal http://today.reuters.com/news/articleinvesting.aspx?type=companyNews&storyID=2007-01-29T103818Z_01_L29149891_RTRIDST_0_SHELL-IRAN-LNG-URGENT.XML

Mon Jan 29, 2007

LONDON, Jan 29 (Reuters) - Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) said on Monday it had signed a deal with Iran that could see the oil major develop gas fields under a service agreement.

"The upstream service agreement relates to the development of the upstream facilities under a buyback agreement," a spokeswoman said. "Implementation of the upstream service agreement is subject to taking a final decision to proceed with the midstream LNG (liquefied natual gas) project. A final decision is a year or so away," she added.

Shell had earlier said it expected a final investment decision in 2007.

© Reuters 2007. All Rights Reserved.



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