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IRAN AWARDS ENERGY BIDS TO WESTERN MAJORS
www.menewsline.com ^ | 3-1-06

Posted on 03/01/2006 8:46:43 AM PST by Esther Ruth

IRAN AWARDS ENERGY BIDS TO WESTERN MAJORS

NICOSIA [MENL] -- Iran has decided to award energy development contracts to Western majors.

An Iranian state oil firm said the Oil Ministry would grant Total, Royal Dutch Shell and Repsol upstream development contracts in the South Pars gas field in the Gulf. The Pars Oil and Gas Co. said the three Western contractors would develop phases 11 and 13 of South Pars.

France's Total was expected to be awarded the contract to develop Phase 11 of South Pars, regarded as the largest reservoir of natural gas in the world. Iran wants Total and the other two companies to help produce and export liquefied natural gas in 2009.

Shell and Spain's Repsol were expected to receive contracts to develop Phase 13. Akbar Torkan, managing director of the Pars Oil and Gas, said the Phase 11 award was worth up to $1.4 billion and Phase 13, $1.5 billion. He said the company also issued a tender to develop phases 19-21 of South Pars.

NOTE: The above is not the full item.

(Excerpt) Read more at menewsline.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: bribery; energy; iran; oil; repsol; royaldutchshell; total

1 posted on 03/01/2006 8:46:45 AM PST by Esther Ruth
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To: Esther Ruth

Shell is Dutch isn't it? If yes, I guess the EU has been bought off by the Mullahs.


2 posted on 03/01/2006 8:48:57 AM PST by MNJohnnie ("Good men don't wait for the polls. They stand on principle and fight."-Soul Seeker)
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To: Esther Ruth

When all else fails bribe 'em.


3 posted on 03/01/2006 8:53:34 AM PST by Wasanother (Terrorist come in many forms but all are RATS.)
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To: MNJohnnie

Yep, the frogs and the Dutch.


4 posted on 03/01/2006 8:57:29 AM PST by Mikey_1962 (I grew up in a slum, when I got to college it had become a "ghetto".)
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To: Mikey_1962

And Spain.


5 posted on 03/01/2006 9:32:27 AM PST by monkeywrench (Deut. 27:17 Cursed be he that removeth his neighbor's landmark)
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To: Esther Ruth

And the quid pro quo will be for the Europeans to stall action against their nuclear program before it's too late, I assume.


6 posted on 03/01/2006 9:45:10 AM PST by thoughtomator (I understand Democrats' impatience; If Kerry were President, Iran would have nuked Israel by now)
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To: Esther Ruth

Royal Dutch Shell -AND- Total (NYSE:RDS-A and TOT)

DIVEST?


7 posted on 03/01/2006 9:06:42 PM PST by humint
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