Iran – Royal Dutch Shell Plc .com http://royaldutchshellplc.com News and information on Royal Dutch Shell Plc Mon, 21 May 2018 20:56:32 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.5 https://i0.wp.com/royaldutchshellplc.com/wp-content/uploads/2017/04/cropped-Screen-Shot-2017-03-31-at-15.44.47.jpg?fit=32%2C32 Iran – Royal Dutch Shell Plc .com http://royaldutchshellplc.com 32 32 4172002 Total warns of Iran pullout over US sanctions threat http://royaldutchshellplc.com/2018/05/17/total-warns-of-iran-pullout-over-us-sanctions-threat/ http://royaldutchshellplc.com/2018/05/17/total-warns-of-iran-pullout-over-us-sanctions-threat/#respond Thu, 17 May 2018 06:45:30 +0000 http://royaldutchshellplc.com/?p=96810 Total warns of Iran pullout over US sanctions threat was first posted on May 17, 2018 at 7:45 am.
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 in Paris and  and  in London: 16 May 2018

Royal Dutch Shell, the largest European oil and gas group, also struck a provisional agreement with Iran in 2016 to carry out studies in three of the country’s biggest oil and gasfields. However, that agreement represented a much less firm commitment than Total’s and Shell has not opened an office in Iran or moved staff there. The Anglo-Dutch group said on Wednesday that it was still assessing the implications of Mr Trump’s withdrawal. FULL FT REPORT

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Total warns of Iran pullout over US sanctions threat was first posted on May 17, 2018 at 7:45 am.
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How Shell could be hit by Iran deal pull-out http://royaldutchshellplc.com/2018/05/09/how-shell-could-be-hit-by-iran-deal-pull-out/ http://royaldutchshellplc.com/2018/05/09/how-shell-could-be-hit-by-iran-deal-pull-out/#respond Wed, 09 May 2018 16:24:28 +0000 http://royaldutchshellplc.com/?p=96726 How Shell could be hit by Iran deal pull-out was first posted on May 9, 2018 at 5:24 pm.
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By John Donovan 

Trump’s withdrawal from the nuclear deal with Iran, which has pushed up the price of oil, thus benefiting Shell and other oil companies, threatens to put billions of dollars worth of trade in jeopardy.

Shell has a record of treacherous conduct involving the Iranian regime, including using subterfuge to disguise shipping movements.

How will Shell react this time in an even more complex situation?

Below are extracts from articles published in the last 24 hours.

Sky News: 

How about the oil and gas sector? Potentially the biggest two companies affected are Royal Dutch Shell and Total. Shell has been licensing its petrochemical technology to local Iranian partners and in December 2016 signed a provisional deal with the Iranian government to explore three gasfields in the country.

The Guardian: How Trump’s Iran deal exit could hit aviation, oil and car industries 

In December 2016, Royal Dutch Shell signed a provisional agreement to develop the Iranian oil and gas fields in South Azadegan, Yadavaran and Kish. While drilling is still a long way off, sanctions are likely to put any preparations already being made on ice. The French oil firm Total is in a similar boat, having agreed to help Iran develop the world’s largest gas field, South Pars. Shell and Total were issued licences to build petrol stations in Iran, too.

BBC News: Iran sanctions threaten North Sea deal

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How Shell could be hit by Iran deal pull-out was first posted on May 9, 2018 at 5:24 pm.
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Oil hits seven-week low on expectations of higher U.S., Iran output http://royaldutchshellplc.com/2018/02/09/oil-hits-seven-week-low-on-expectations-of-higher-u-s-iran-output/ Fri, 09 Feb 2018 20:53:13 +0000 http://royaldutchshellplc.com/?p=95579 Oil hits seven-week low on expectations of higher U.S., Iran output was first posted on February 9, 2018 at 9:53 pm.
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Brent futures LCOc1 fell 70 cents, or 1.1 percent, to settle at $64.81 a barrel, their lowest close since Dec. 20.

U.S. West Texas Intermediate (WTI) crude CLc1, meanwhile, was down 64 cents, or 1 percent, to settle at $61.15, its lowest close since Jan. 2.

Both benchmarks fell for the fifth straight day, the longest losing streak for Brent since November 2017 and for WTI since April 2017.

Brent futures have lost as much as 15 percent since hitting a four-year high above $71 in late January.

“Oil prices remain under pressure in today’s trading session as market participants continue to digest yesterday’s bearish oil inventories report,” said Abhishek Kumar, Senior Energy Analyst at Interfax Energy’s Global Gas Analytics in London.

The U.S. Energy Information Administration (EIA) on Wednesday said crude production last week rose to a record high of 10.25 million barrels per day (bpd). At that level, U.S. production would overtake the current output in Saudi Arabia, the biggest producer in the Organization of the Petroleum Exporting Countries. [EIA/S]

OPEC and other producers, including Russia, have cut production since January 2017 to force down global inventories, but these cuts have been somewhat offset by rising U.S. oil production.

Oil prices were also pressured by an announcement from Iran that it is looking to boost production over the next four years.

“The Iranians are looking to increase production…despite their alleged adherence to the OPEC-Russia deal. Everybody is itching to produce more oil,” said John Kilduff, partner at energy hedge fund Again Capital LLC in New York.

Traders also noted the restart of the Forties pipeline in the North Sea, added to losses in crude prices.

The pipeline, which carries around a quarter of all North Sea crude output and roughly a third of Britain’s offshore natural gas production, shut on Wednesday for the second time in two months after a valve closure at a Scottish facility.

“It is now clear that oil prices in late January were too high to keep the oil market balanced in the long term,” Commerzbank analysts wrote. “This is because U.S. oil production is now rising so sharply that there is a risk of renewed oversupply if OPEC does not voluntarily renounce market share.”

Earlier this week, the EIA projected U.S. production would rise to a record high annual average of 10.6 million bpd in 2018 and 11.2 million bpd in 2019, up from 9.3 million bpd in 2017. [EIA/M]

The current all-time U.S. annual output peak was in 1970 at 9.6 million bpd, according to federal energy data.

(GRAPHIC: U.S. oil production, reut.rs/2saSwkY)

SOURCE

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Oil hits seven-week low on expectations of higher U.S., Iran output was first posted on February 9, 2018 at 9:53 pm.
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CRUDE INTENTION – AN INSIDERS EXPLOSIVE REVELATIONS IN A BOOK THAT MAY SHAKE SHELL http://royaldutchshellplc.com/2018/01/25/crude-intention-an-insiders-explosive-revelations-in-a-book-that-may-shake-shell/ Thu, 25 Jan 2018 20:33:40 +0000 http://royaldutchshellplc.com/?p=95351 CRUDE INTENTION – AN INSIDERS EXPLOSIVE REVELATIONS IN A BOOK THAT MAY SHAKE SHELL was first posted on January 25, 2018 at 9:33 pm.
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SCREENSHOT FROM A RELATED VIDEO CLIP

Of particular concern to Shell, the author provides first-hand insight into Shell’s security and intelligence activities in Nigeria, Iraq, Iran, Ireland and other global hot spots and details how Shell worked with US, UK and Dutch Intelligence and military agencies to further their mutual agendas.  The author also discusses Shell’s secret communications with MEND militants in Nigeria through intermediaries. 

By John Donovan 

I suspect that Shell in particular, should be very concerned about a book in the pipeline called “CRUDE INTENTION”. I say this because the author is a former senior manager of Shell Global Security. 

Unlike the MI6 “people” hired by Shell including Guy Colegate, John Copleston and Ian Forbes McCredie, and the FBI officials recruited for their government connections like former FBI Deputy Director Richard Garcia, the author is a career security & business professional in the oil & gas industry whose own principles and ethics often conflicted those of his spymaster bosses and coworkers; including the monitoring of our activities as part of a Shell global surveillance operation. 

Of particular concern to Shell, the author provides first-hand insight into Shell’s security and intelligence activities in Nigeria, Iraq, Iran, Ireland and other global hot spots and details how Shell worked with US, UK and Dutch Intelligence and military agencies to further their mutual agendas.  The author also discusses Shell’s secret communications with MEND militants in Nigeria through intermediaries. 

 In addition to the undeniably intriguing revelations in CRUDE INTENTION, the author interweaves the stories of average people, both employees and those in local communities, who have been impacted by the events he covers, as well as the very private and personal toll taken on himself.  These are the often unheard voices and victims who never make it into the “numbers” oil companies discuss in their annual reports. 

Based on actual events, Crude Intention offers first-hand insight into the depths of the links between oil and government and exposing secret strategies, conversations and communications involved in some of the largest oil deals in the last two decades. The book exposes how Intelligence Agencies (including the CIA and MI-6) and the Military are used to advance the interests of Oil Companies (and thus the National Interests of the Government). 

Crude Intention tells true stories of murder, cover-ups and set-ups, organized crime, human trafficking, child pornography, underage-mistresses of oil executives, corruption & pay-offs of government officials, and unprecedented access behind the scenes of kidnappings, hijacking of tankers by pirates, and acts of terrorism against oil facilities and workers. 

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CRUDE INTENTION – AN INSIDERS EXPLOSIVE REVELATIONS IN A BOOK THAT MAY SHAKE SHELL was first posted on January 25, 2018 at 9:33 pm.
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Iran Says OPEC Action on Output Cuts Must Address Libya, Nigeria http://royaldutchshellplc.com/2017/09/24/iran-says-opec-action-on-output-cuts-must-address-libya-nigeria/ Sun, 24 Sep 2017 18:48:48 +0000 http://royaldutchshellplc.com/?p=93559 Iran Says OPEC Action on Output Cuts Must Address Libya, Nigeria was first posted on September 24, 2017 at 7:48 pm.
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OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said. 

Compliance with the output cuts is “acceptable,” Zanganeh told reporters in Tehran. The Organization of Petroleum Exporting Countries should focus on “the situation with Libya and Nigeria,” he said, referring to the two countries exempted from capping production due to their internal strife.

“OPEC’s actions are working and compliance is acceptable overall, although there needs to be some change,” Zanganeh said, referring to OPEC members’ compliance with their pledges to pump less. “Changes are really related to Libya and Nigeria and the 100 percent compliance of everyone.” He didn’t elaborate.

OPEC and other global producers including Russia agreed to maintain output cuts through March to end a price rout that has battered their economies since 2014. Iran was part of the deal reached last year, though it was given special permission to raise output by 90,000 barrels a day. Libya and Nigeria were not part of the deal and have since increased production, complicating the efforts of the suppliers to reduce the glut. Benchmark Brent crude has dropped by about half from its 2014 peak.

OPEC backs any action to help stabilize the oil market, and if a meeting is needed for the group to decide whether to extend the cuts that expire in March, “we’ll arrange it,” Zanganeh said.

Iraqi Production

Iran “will consider everything within the framework of our national interest and cooperation with OPEC,” he said when asked whether the country would adjust its output.

Iraq supports OPEC’s efforts to pare oil output and clear a global glut even as the group’s second-biggest producer plans to expand its own capacity to pump more, Iraqi Oil Minister Jabbar al-Luaibi said Sunday at a news conference in Baghdad.

The country’s plan to boost capacity to 5 million barrels a day by the end of the year won’t affect crude markets, he said. Iraq won’t export all of its additional output, he said. The nation pumped 4.49 million barrels a day in August, data compiled by Bloomberg show.

“The oil market’s status is stable, and we don’t accept that any country exceed its share” under OPEC’s deal to cut production, he said. “We support OPEC’s position to stabilize markets.”

Iraq is seeking to rebuild its energy industry after decades of conflict, and al-Luaibi sought to reassure oil markets a day before the country’s energy-rich, self-governing Kurdish area plans to vote on a referendum on independence. The central government opposes the vote, which many global powers say could create further instability in a region convulsed by war. The Kurds plan to include the disputed Kirkuk region, home to Iraq’s oldest producing oil fields, in the referendum.

Oil should be left out of the political wrangling over control of Kirkuk, al-Luaibi said. Kurds, Arabs and Turkmens are all competing to control Kirkuk, making it a potential flashpoint for conflict. The Baghdad-run North Oil Co. is currently pumping 500,000 barrels a day in northern Iraq, he said.

Iraq’s government is still in discussions with Royal Dutch Shell Plc, which quit Iraq’s southern Majnoon field and plans also to withdraw from the West Qurna-1 deposit, al-Luaibi said. It’s not talking with any other oil companies about replacing Shell, he said.

“We have no problems in finding international companies” to replace the oil major, al-Luaibi said, adding that Iraqi staff are capable of taking over from Shell.

Iraq will soon sign a deal with Iran to jointly invest in two oil fields, he said, without giving a date. It’s also in talks with Kuwait to jointly develop four fields and to ship surplus natural gas to Kuwait, he said.

SOURCE

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Iran Says OPEC Action on Output Cuts Must Address Libya, Nigeria was first posted on September 24, 2017 at 7:48 pm.
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