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...