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Posts under ‘Iran’

Shell and BP make new inroads in Iran

Saeed Kamali Dehghan and Terry Macalister Friday 2 October 2015 20.30 BST The possibility of a major British oil company regaining access to one of the world’s great hydrocarbon markets rose on Friday with officials in Tehran saying Shell would be allowed to build 100 petrol stations in Iran. FULL ARTICLE RELATED TEHRAN, Oct. 3 (MNA) […]

Iran to allow construction of 100 Total and Shell gas stations

18 Sept 2015 Total and Shell have been given the green light to build 100 gas stations across Iran in the near future, after approval by government officials. This will be the first time foreign branded gas stations will operate in the country. The 100 gas stations, which also received the approval from Bijan Haj […]

Analysts predict oil price plunge: Oversupply could drive Brent Crude to $20, warns Goldman Sachs

By LAURA CHESTERS FOR THE DAILY MAIL: 11 September 2015 The price of oil could fall as low as $20, Goldman Sachs warned last night. As fears about China’s growth continued, the Wall Street giant’s stark analysis of the global crude market pummelled prices again yesterday. The price of Brent Crude fell more than 2 per […]

Shell CEO: The World Will Need More Oil

By Julia Limitone: Published September 08, 2015 During an interview with FOX Business Network’s Maria Bartiromo, Royal Dutch Shell’s (RDS.A) CEO Ben van Beurden said the company is responding with “vigor and determination” to cope with lower oil prices. “We started off the slide in oil prices with a low gearing 12.4%. Since then, we have […]

BG Group share price: Gap between market valuation and Shell offer widens

…the growing gap between the offer value and the market value indicates increasing investor anxiety over the merger, thus markets are beginning to question the deal’s prospects of success… by Veselin Valchev: 26 Aug 2015 BG Group Plc’s (LON:BG) share price is sliding further away from the proposed offer by larger London-listed energy peer Royal Dutch […]

Opec powerless to halt oil price slide, warns former group president

Opec veteran says that current oil prices slump has exceeded the worst expectations of the group By Andrew Critchlow, Commodities editor: 24 Aug 2015 Opec is powerless to arrest the slide in oil prices unless producers outside the group such as Russia match any cuts in output, according to a former president of the group. ‘Black […]

INTERVIEW-Shell eyes Iran, to pay debt when sanctions end

TEHRAN | BY GUY FAULCONBRIDGE: Mon Aug, 2015 Aug 24 Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country’s vast energy sector, Shell’s boss for new business said. Much would depend on the terms offered […]

Iran to Raise Oil Output ‘at Any Cost’ to Defend Market Share

U.S. benchmark West Texas Intermediate crude fell to less than $40 a barrel for the first time in more than six years in New York trading on Friday. Anthony Dipaola and Hashem Kalantari: BLOOMBERG.COM: 23 AUGUST 2015 Iran plans to raise oil production “at any cost” to defend the country’s market share and joins calls for […]

People will remember Shell Oil as a symbol of planet-destroying greed

Bill McKibben: Thursday, August 6, 2015  Shell Oil’s icebreaker Fennica is apparently on its way to the Arctic, ending a dramatic week-long siege that saw activists dangle from bridges and blockade the Portland harbor with kayaks, and a federal court threaten environmentalists with heavy fines. Amid the drama of the action, and the drama of […]

Shell, Eni say look to return to Iran

Fri Jul 31, 2015 Royal Dutch Shell and Italy’s largest oil producer Eni say they are looking to return to projects in Iran’s upstream oil and gas sectors.  “For us, (Iran) is a huge gas province so it would be good to be there — in conventional gas — at the right terms,” Shell’s financial […]

Iran releases list of oil money debtors

The oil major Royal Dutch Shell owes Tehran $2.8 billion while it made a net loss of $6 million trading Iranian oil in 2012. TEHRAN, Jul. 26 (MNA) – Iran’s Central Bank and National Oil Company released the list of companies and refineries owing oil dues to Iran. During the period US and European sanctions […]

Shell’s Positioning For Better Russia And Iran Relations Is Part Of Its Global Gas Strategy

Zoltan Ban: 23 July 2015 Summary Shell has been showing long-term interest in moving more towards natural gas for a while, with natural gas production surpassing its oil production in 2013. Aside from its major acquisition of BG group, it is forming an alliance with Gazprom and is looking to be among the first in […]

We are engaged, Shell says after Iranian deal

“Shell continues to comply with all relevant international sanctions” By Daniel J. Graeber DUBAI, United Arab Emirates, July 14 (UPI) — With a nuclear deal in hand, Royal Dutch Shell said Tuesday it’s exploring the “immediate and long-term” implication of an opening Iranian oil door. Representatives from the five permanent members of the U.N. Security […]

Curious coincidence involving Shell, Iran, Noble Corp and $2.16 billion

FROM A REGULAR CONTRIBUTOR The former owners of the Frontier drilling company sold their rigs to Noble for $2.16 billion in 2010. Given that their fleet of five vessels consisted of ancient rust buckets which were fit only for the scrapyard, this has always seemed like an inordinately large sum. The five vessels had been […]

Shell Executives Visit Tehran for Projects If Sanctions End

by Javier Blas 24 June 2015 Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done. The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. […]

Gazprom lays bare West’s vulnerability

Royal-Dutch Shell is teaming up with Gazprom on several projects despite Western sanctions on Russia. The expanded partnerships fly in the face of European and American sanctions which ban joint ventures with Russian energy companies. 23 June 2015 Europe’s efforts to reduce dependence on the Russian energy have been dealt a new blow after reports […]

Iran Welcomes Shell, BP, Total and American Oil Companies

Iran Welcomes Shell, BP, Total and American Oil Companies Dr. Majid Rafizadeh Become a fan: President of the International American Council: 14 June 2015 “Royal Dutch Shell PLC, which owes the Islamic Republic an outstanding debt of more than $2 billion, has been talking about repaying Iran after the nuclear deal is signed, and consequently the […]

Shell CEO Discusses $2 Billion Debt Payment With Iran Oil Minister

Shell CEO Discusses $2 Billion Debt Payment With Iran Oil Minister Royal Dutch Shell Plc CEO Ben van Beurden. PHOTO: BLOOMBERG NEWS By BENOÎT FAUCON: June 3, 2015  VIENNA— Royal Dutch Shell PLC said Wednesday it was discussing the repayment of an outstanding debt of over $2 billion with Iran when international sanctions are lifted. Write […]

Shell, BP Openly Admit Iran Interest on Possible Atomic Deal

Article by Javier Blas and Angelina Rascouet published 3 June 2015  by European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the country over its nuclear program. Leaders of Royal Dutch Shell Plc, BP Plc and Total SA all said Wednesday they were ready […]

Shell in talks with Iran oil company

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 […]

Kashagan to Start Production in 2017, Says Royal Dutch Shell Report

BY MICHELLE WITTE in BUSINESS on 13 APRIL ASTANA – Production at Kazakhstan’s giant Kashagan offshore oil field is expected to restart in 2017, Royal Dutch Shell stated in its 2014 annual report. “After the start of production from the Kashagan field in September 2013, operations had to be stopped in October 2013 due to […]

Royal Dutch Shell And Others Interested In Iran Following Nuclear Deal Agreement

By: MICHEAL KAUFMAN Published: Apr 7, 2015 at 8:20 am EST Iran’s oil exports are set for a boost after a framework nuclear agreement was reached between the country and world powers in Lausanne, Switzerland. The deal also paves the way for international energy groups to make a comeback to the country after a five […]

Can Iran Attract Foreign Investments By Oil Majors Such As BP And Shell plc?

By: MICHEAL KAUFMAN: Published: Apr 1, 2015 at 8:34 am EST Recently, Iran has been exposed to numerous sanctions by the West over concerns that the country was developing a nuclear project. However, talks between the US and Iran have started over a new nuclear deal. If the deal is successful, then sanctions are expected to […]

Iran riches coveted by big oil after decades of conflict

Extracts from a Bloomberg article published 31 March 2015 Iran riches coveted by big oil after decades of conflict Now, as Iran and the US enter 11th hour negotiations to reach a nuclear deal and ease sanctions, the West Asian country is emerging again as a potential prize for western oil companies such as BP, […]

Who Will Rule the Oil Market?

OPINION ARTICLE BY DANIEL YERGIN PUBLISHED IN PRINT BY THE NEW YORK TIMES ON SATURDAY 25 JAN 2015 WASHINGTON — A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the […]

Oil Prices Start Week in Negative Territory

From an article by Georgi Kantchev published by the Wall Street Journal 19 Jan 2015 unde the headline: “Oil Prices Start Week in Negative Territory” Extract LONDON—Oil prices started the week in negative territory on expectations that a sustained recovery is still a long way off. …analysts said they see little evidence that the combination of oversupply […]

BP sees $50 oil for three years

BP can’t be immune to the upheaval. Today its job announcement is focused on the UK. But it won’t be long till it announces staff reductions in Houston, another of its important centres. Robert Peston article published by BBC News 15 Jan 2015 BP sees $50 oil for three years BP’s job announcement later today, […]

Shell still buying Iranian crude

Reuters: Tuesday, Jan 06, 2015 TOKYO – Two of Japan’s biggest buyers of Iranian crude, JX Nippon Oil & Energy Corp and Showa Shell Sekiyu KK, are set to keep their purchases from Tehran largely steady in 2015, their top officials said on Tuesday. Japanese refiners have been making decisions about how much Iranian crude to […]

Tumbling crude prices will lay waste to countries and companies alike

By John Donovan The oil industry is leaving 2014 on a low note as far as oil prices are concerned.  A financial earthquake has hit ExxonMobil, Royal Dutch Shell, BP, Chevron, Conocophillips and Total.  The Sunday Times devoted a whole page article by Danny Fortson to the turmoil resulting from the collapse in the price […]

Oil price to dip to $50 or even lower?

By John Donovan Recognising the seismic significance of the continuing collapse in the price of oil, The Sunday Times devoted several articles to the subject last weekend. It has done the same again this weekend, with coverage in the main newspaper and in the Business Section. Oil price slump puts explorers up for grabs Predators circle… Extracts […]

Shell’s Return to Iran?

Iranian officials have said that Royal Dutch Shell, British Petroleum, France’s Total and Russia’s Lukoil had expressed interest in investing in Iran when the sanctions imposed on Tehran over its nuclear program are eased. read more


Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. (Potentially disastrous news for Big Oil – ExxonMobil, Shell, BP, Chevron and Total) The Telegraph: World on brink of oil price war as Opec […]


ARTICLE BY STEVEN HAYWARD, PUBLISHED BY POWERLINE 25 NOVEMBER 2014 The fall OPEC meeting is under way right now in Vienna, and all eyes are on the Saudis, to see whether they will lead a strategy to stop the fall in oil prices, which is putting the crimp on Iran, Russia, and Venezuela, among other […]

Shell CEO on global turmoil’s impact

Screenshots from a Fox Business video of an interview with Royal Dutch Shell CEO Ben van Beurden on 4 Sept 2014 shows the uncertainty that surrounds Shell. Mr van Beurden bluntly made it clear at the May 2014 Shell AGM that Shell’s priority is what is in the economic interests of Shell shareholders, not geopolitical […]


By John Donovan Shell CEO Ben van Beurden was straightforward in what he publicly stated at the 2014 AGM of Royal Dutch Shell Plc. He said that Shell puts the interests of its shareholders first, above any geopolitical considerations. That is his excuse for Shell’s dealings with evil regimes in Iran and Russia, irrespective of […]

Royal Dutch Shell and U.S. Sanctions on Russia

Shell CEO Ben van Beurden bows to President Putin during a meeting held on 18 April 2014 By John Donovan Royal Dutch Shell directors must be feeling anxious again. For some years Shell continued to trade with Iran despite U.S. sanctions and engaged in machinations in an attempt to disguise what was going on.  Today, President […]

Shell, Iran and 9/11

Basically Shell is holding on to over $2 billion of  funds belonging to an ‘adjudicated terrorist’ – Iran – and is denying those funds to the victims of the 9/11 terrorist attack on the World Trade Center. By John Donovan I have already reported how Shell management attempted to exploit the 9/11 attacks for their […]

Total oil debts to Iran exceeds $ 4 bln

Extracts from a Trend article by Umid Niayesh published 20 May 2014 Royal Dutch Shell also has not settled its debts without unveiling further details. Previously Iranian media outlets reported that the country’s oil minister Bijan Namdar Zanganeh has tasked a working group with collecting $2.3 billion debt from Royal Dutch Shell. Shell lost money trading Iranian […]

Royal Dutch Shell shameful record of appeasement

By John Donovan For nearly a hundred years the Royal Dutch Shell Group has appeased and collaborated with evil regimes including Nazi Germany, Nigeria, Brunei, Saudi Arabia, Libya, Iran, Iraq under Saddam Hussein, Apartheid South Africa and with Putin of Russia, despite his annexation of Sakhalin2 and Crimea. Anything to earn a buck irrespective of ethics, […]

BP and Shell exposed as US prepares first warning shot against Russia’s oil and gas industry

Firms may be forced to curtail operations as G7 powers prepare to launch new sanctions    Extract from an article by Ambrose Evans-Pritchard published1:28PM BST 27 Apr 2014 by The Telegraph Britain’s top energy companies face an extremely delicate situation as the world’s G7 powers prepare to launch the next wave of sanctions against Russia, and […]