Dubai: 28 May 207
Iran’s oilfields need at least $100 billion worth of foreign investment over the next decade to boost output by 1 million barrels per day (bpd) to 5 million bpd, a senior Iranian oil official said.
Extensive exploration, further development of Iran’s oilfields and increasing recovery rates via advanced technology are a must if the country is to hit its capacity target, said Abdollmohammad Delparish, planning manager at the National Iranian Oil Company (NIOC).
“For this goal we need partnership with foreign companies — and the $100 billion is a very conservative estimate,” he said. “Internal investment will only cover a quarter of our financial needs.”
The investment projection comes at a time when the US is seeking to squeeze Opec’s second biggest producer over its nuclear programme. Washington is pressuring foreign companies to steer clear of the Islamic Republic.
Other Iranian officials downplayed the need for outside help in the country that pumps about 4 million bpd. Iran was cranking out six million bpd before the 1979 Islamic Revolution, rates that proved unsustainable.
“There’s no capital shortage in NIOC,” said Deputy Oil Minister Mohammad Reza Nematzadeh. “We need a little more courage and a little less procedure to spend our future capital.”
Potential investors said they were prepared to strike deals with Iran, home to the world’s second biggest oil and gas reserves, provided commercial terms were right and political tensions had eased.
Foreign firms often complain about the terms of Iran’s so-called buy back deals which they say are not particularly generous. NIOC has sweetened the terms, but executives say Tehran has not gone far enough.
Under the buy back scheme, companies hand over operations of fields to NIOC after development and then receive payment from oil or gas production for a few years to cover their investment.
“Iran is its own worst enemy. International oil companies are willing to invest if the conditions are right and they get a decent rate of return,” said Mehdi Varzi, president of consultancy Varzi Energy in London.
But political pressure is now making some major European companies hesitate.
Two European investors — Total and Royal Dutch Shell — have signalled the standoff between the West and Iran over its disputed nuclear programme could influence their new investment decisions. Reuters
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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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