Royal Dutch Shell Plc  .com Rotating Header Image Europe sidesteps Iranian sanctions

Published: Jan. 16, 2008 at 12:03 PM

TEHRAN, Jan. 16 (UPI) — Energy companies throughout Europe continue to defy U.S.-negotiated sanctions against Iran by putting several new deals on the table.

French President Nicolas Sarkozy in September warned the French company Total against investing in Iran but the oil giant continued to negotiate a $15 billion liquefied natural gas deal to explore Iran’s South Pars gas field, the FARS news agency said Wednesday.

Italy’s APS Engineering also confirmed a $585 million deal in the South Pars field as part of a consortium with Germany’s Linde and Italy’s Eni subsidiary.

Royal Dutch Shell and Spain’s Repsol expressed interest in the South Pars field as well.

The U.N. Security Council is to meet Tuesday in Berlin to discuss further U.S.-backed sanctions against Iran for its continued work on its nuclear energy program.

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