Oil majors are laying the foundations for potentially lucrative energy deals in Iran, despite the risks, as they face tougher investment prospects in some of the world’s other top energy producing countries.
In a signal to Washington that they won’t bow to U.S. pressure to isolate the Islamic republic, many energy giants desperate to boost their flagging energy reserves are eyeing multibillion dollar Iranian projects that could give them access to some of the world’s largest oil and gas fields.
A number of non-U.S. oil majors gathered in one of Vienna’s top hotels last month to meet with senior Iranian oil officials, including China Petroleum & Chemical Corp., or Sinopec, Norway’s Statoil ASA, Royal Dutch Shell PLC, Italy’s Eni SpA, Total SA, Russia’s Lukoil and Austria’s OMV AG listened intently as Iranian oil officials offered, in a polished and professional presentation, 17 oil blocks for development.
Notable by its absence in Vienna was U.K. energy giant BP PLC. With major oil and gas assets in the U.S., BP is all too aware of the kind of damage it could cause itself if it were to do business with Iran.
– Dow Jones Newswires
Comments:
The fact that Shell management is prepared to risk the wrath of the USA shows how desperate it is for oil reserves in the wake of its reserves scandal in 2004 and the recent Sakhalin2 debacle in Russia.
Posted by John Donovan, co-owner of the website: www.royaldutchshelplc.com
Comment by John Donovan – March 4, 2007 at 4:38 am
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
