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.
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