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Shell Bids for New Oil Field Development Contracts in Iran

Persian Journal: Shell Bids for New Oil Field Development Contracts in Iran

Bloomberg

Sep 7, 2004

Royal Dutch/Shell Group, Europe’s second-largest oil company by market value, bid last month to develop new oil fields in Iran as its existing development contracts run out, a Shell spokesman said.

The Iranian National Oil Co., the second-largest state-owned oil company in the Middle East, said last week it was reviewing bids by foreign companies to explore and develop 16 potential oil fields. More than 30 companies bought the tender documents for the developments, Middle East Economic Digest reported on Sept.3, without saying how it got the information.

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