VOL. XXXVIII

NO. 40

3-JULY-1995

Iran

Shell Backs Away From Sirri Development Bidding

Just when it seemed that Shell was about to become the front runner in atwo-company competition with France's Total to replace Conoco as the contractorfor the development of Iran's offshore Sirri-E and Sirri-A oilfields (MEES, 19June), it now appears that the Anglo-Dutch giant has decided not to pursue thedeal any further under prevailing conditions. This means in effect that Total isnow the only remaining serious...