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.
Copyright The Financial Times Limited 2008