No. 26



Shell Offers 20% Interest In Irans Nowruz/Soroush Redevelopment To Australias Woodside

Royal Dutch/Shell has offered a 20% interest in the project to redevelop Irans offshore Nowruz and Soroush fields to Woodside Petroleum Ltd of Perth as part of a package of assets to be exchanged for an increased equity stake in the Australian company. Shell would like to raise its interest in Woodside from 34.3% to 60% and has offered the Nowruz/Soroush stake as part of a...