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Royal Dutch Shell pulled out of one of Iran’s biggest gas projects, dealing a blow to Tehran

 

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Financial Times: The Week

By Stanley Pignal

Published: May 17 2008 03:00 | Last updated: May 17 2008 03:00 & Gas

Royal Dutch Shell pulled out of one of Iran’s biggest gas projects, dealing a blow to Tehran’s attempts to expand its energy exports in the face of US and international sanctions. The Anglo-Dutch group, which paired with Spain’s Repsol for the project, will withdraw from the $10bn-plus development of phase 13 of South Pars, the world’s largest gas field.

 

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