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Shell in talks with Iran oil company

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Shell in talks with Iran oil company

Managing Director of Iran’s Pars Oil Company says oil giant Shell has voiced interest to resume activities in the country’s energy sector.

Hossein Vafaee said indirect talks have already started with Shell. The Iranian official also forecast “tough conditions” for Iran once after sanctions against the country are removed.

“If sanctions are removed, many rivals will enter the Iranian market and this will make tough conditions for us,” Forsat Emrooz Newspaper quoted Vafaee as saying.

He reiterated that Iran is after regaining its share of regional and global energy markets when sanctions imposed against the country over its nuclear program are lifted.

Iran’s oil exports have been cut by more than 50% to nearly 1.1 million barrels per day from a pre-2012 level of 2.5 million bpd.

Earlier this month, an Iranian petroleum ministry official announced that several top Ads European energy corporations have voiced interest in the new format of oil contracts with Iran. 

The announcement has been made by Mehdi Hosseini, the head of an expert team that has been set up by the Ministry of Petroleum (MoP) to revise the current format of Iran’s oil contracts. 

SOURCE

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1 Comment on “Shell in talks with Iran oil company”

  1. #1 mona
    on May 16th, 2015 at 16:44

    I hope that oil and gas companies be back to my home country ,iran, so our young professional generation including me be able to get a suitable job in near future .

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