Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Olaf Koch who started this subject	2/9/2002 7:44:09 PM
From: Tadsamillionaire	of 95453

Shell Content with Investment in Iran TEHRAN TIMES ECONOMIC DESK TEHRAN - Royal Dutch Shell Company on Thursday announced that it is content with its investment in Iran, according to a Reuters dispatch from London. The company also said that despite U.S. allegations against the Islamic Republic, it would negotiate with Iranian officials for new projects in this country. In November, Shell started pumping oil from Soroush Oil Field. The company has expressed hope that in two years' period, it would extract 190,000 barrels of oil per day from this project, which is worth some $800 million. Despite U.S. threats of imposing sanctions on companies that invest more than $20 million in Iran, Shell has signed a memorandum of understanding (MOU) for the export of Iranian natural liquid gas. tehrantimes.com

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