VOL. XLVI
No 4
27-January-2003
IRAN
Shell Sells Soroush/Nowruz Stake To Japanese Consortium
Shell Exploration has sold a 20% interest in its Soroush/Nowruz offshore fields buyback redevelopment project to the Japanese consortium JJI S&N BV, registered in the Netherlands, for a sum believed to be just over $220mn. The Japanese group comprises Japan Petroleum Exploration Company (41.67%), INPEX Corporation (25.00%) and Japan National Oil Corporation (JNOC 33.33%). The deal is not linked to...
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