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Posts under ‘Iran’

US To Stay Tough On Iran Sanctions Despite Deal

By Scott Flaherty Law360, New York (February 04, 2014, 4:27 PM ET) — The U.S. will continue stiff enforcement of existing economic sanctions against Iran despite an interim deal offering some sanctions relief in exchange for commitments from the Middle Eastern country regarding its nuclear program, top Obama administration officials told Congress Tuesday. ACCESS TO […]

Iraq and Iran plot oil revolution in challenge to Saudi Arabia

Iraq’s goal of pumping 9m barrels a day of crude could be a game changer for oil prices and British companies: British oil giants BP and Royal Dutch Shell are also poised to benefit from Iraq’s ambitious production plans. Both companies are already managing two huge oil fields in southern Iraq which are vital if Baghdad […]

Iran courts western oil majors at Davos

FINANCIAL TIMES In a closed-door meeting on Thursday, including BP, Eni, Royal Dutch Shell and Total, on the sidelines of the World Economic Forum in Davos, Mr Rouhani and his oil minister Bijan Namdar Zanganeh told executives to submit contracts they would like to see Iran adopt. FULL FT ARTICLE

Tehran officially invites Shell, BP to invest in Iranian oil projects

By Rahim Zamanov – Trend: Baku, Azerbaijan, Jan. 17 Iranian Oil Minister Bijan Namdar Zanganeh has formally invited giant British oil companies, Royal Dutch Shell and British Petroleum, to take part in the country’s oil and gas projects, Iranian Mehr News Agency reported on Jan. 17. The British companies say they will return to Iranian projects […]

Big Oil sits out lobbying on Iran as Congress stands firm

The companies that have lobbied Congress this year have largely been U.S. divisions of larger international oil companies, such as BP America, part of London-based BP Plc and Shell Oil Co, the U.S. unit of Royal Dutch Shell Plc. By Timothy Gardner and Andy Sullivan: WASHINGTON Sun Dec 22, 2013 7:24am EST (Reuters) – As […]

BP and Shell among oil firms Iran wants back in country

Iranian Oil Minister seeks talks with oil giants to return Iran to help tap world’s fourth-largest oil reserves after sanctions are lifted By Reuters: 2:25PM GMT 04 Dec 2013 Iran on Wednesday named seven Western oil companies it wants back in its vast oil and gas fields once international sanctions are lifted and said it […]

European oil giants to talk terms with Iran

Oil ministry officials from Tehran to meet executives from European oil companies and industry experts in London early next year to present the terms upon which they will be invited back By Andrew Critchlow: 8:00PM GMT 01 Dec 2013 Iran is stepping up its engagement with European oil companies ahead of inviting them back to […]

Iran opens contacts with oil groups

FINANCIAL TIMES November 26, 2013 In his first interview with the foreign media, the minister who persuaded the likes of Total, Royal Dutch Shell, Eni and Statoil to invest in the oil and gas sector in the 1990s despite US sanctions, said these companies were now among those he was seeking to attract back to […]

Shell and Iran on Dutch TV

John Perhaps you can give a little ‘heads up’ to your followers in the Netherlands. On TV station Nederland 2 there is the programme ‘Tegenlicht’. Shell apparently refused to cooperate so they did the research on big data available on the internet. In a preview yesterday evening it was claimed that all will be revealed […]

Tapping Iran’s oil and gas vital for world demand, say Shell and Total

Lifting sanctions and opening up Iran’s vast oil and gas resources to global companies will be vital to meeting the world’s future energy needs, according to the chief executives of two of Europe’s top oil companies. Before the tightening of sanctions against Iran a few years ago, Shell and Total were two of the most […]

Shell chief Peter Voser warns of oil crunch without investment

Some analysts have questioned whether a change in management at Shell, with Ben van Beurden due to take over in three months, could see a change in strategy to focus the company on greater returns. JP Morgan asked in a recent investor note: “Does he want to run a lowly-rated, large company or create a […]

The Dark Side of Energy Independence

By BENJAMIN ALTER and EDWARD FISHMAN A version of this op-ed appeared in print on April 28, 2013, on page SR5 of the New York edition JUST as the world was writing off America as a declining power, the country now finds itself on the cusp of realizing one of its longstanding goals: energy independence. […]

UK blocks Shell paying Iran oil debt in food, medicine

“Trying to avoid the odium of its association with the mad mullahs, Shell has in the past resorted to subterfuge to disguise its shipments of Iranian crude. The relationship between Shell and Iran has in fact continued unabated for many years, while the fanatical Iranian regime has been busy using the funds generated to supply […]

City Diary: Shell chief reins in horseplay … for now

Under-fire Shell chief Peter Voser — grappling with the US government’s frosty feedback on Shell’s Arctic plans and the $2.3bn (£1.5bn) IOU to Iran.. By Harriet Dennys, City Diary Editor: 7:00AM GMT 22 Mar 2013 Business before pleasure for Royal Dutch Shell’s horseracing-mad executive Steve Harman. Such is Harman’s dedication to leading the oil giant’s […]