VOL. XLI

No. 22

1-June-1998

IRAN

Shell Reactivates Interest In Iran's North Pars Gasfield Development Project

MEES understands that Royal Dutch-Shell has reopened discussions with theNational Iranian Oil Company (NIOC) regarding the development of the offshore North Parsgasfield. The Anglo-Dutch major has had its eye on North Pars since the early 1990s andcarried out an extensive joint study on the field with NIOC in 1993, but talks eventuallyfoundered over the issue of remuneration. While...