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Iranian.ws: Shell oil company to decide on mullahs’ blood money in 2007

International oil giant Shell will make its final decision on whether to invest in Phase 13 of South Pars gas field development project in 2007. Mullahs’ Managing Director of Pars Oil and Gas Company Akbar Torkan said the final investment decision (FID) on Phase 13 of South Pars gas field which pertains to Shell will be made available next year, adding that the FID on Phase 11 will also be available at the end of this year.

He said that based on talks with the managing director of Shell, the company is not going to finalize its decision on investment in Phase 13 this year, however, according to the plan, the company is expected to make its final investment decision in 2007 instead.

“There are no obstacles to the development of Phase 13 whose contract has already been inked and approved by Shell.”

On signing a contract with Total to develop Phase 11, Torkan said that initial measures have been taken to sign the contract with the French company. “At the moment, both Total and National Iranian Oil Company are finalizing the contract.”

© Iranian.ws

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1 Comment on “Iranian.ws: Shell oil company to decide on mullahs’ blood money in 2007”

  1. #1 salman
    on Aug 5th, 2006 at 00:00

    Hi Dear
    I am salman nazari of iran.expert of hirbodan company
    please send analysis of market of EPC comfany feild of oil and gas.
    thanks

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