Iranian Energy Sector a Political Pitfall for Some, New Opportunity for Others

Iran’s energy sector has again proved to be a point of controversy as both Royal Dutch Shell PLC (RDS.A, RDS.B) and Spain’s Repsol YPF SA (REP) have withdrawn from one of Iran’s largest natural gas projects after being pelted with political pressure from the United States. Shell and Repsol will no longer aid Iran in the development of phase 13 of the country’s South Pars, the world’s biggest gas field, the Financial Times reported. They did, however, leave open the possibility of working with Iran to develop phases 20 and 21, but it may be 10 years before those blocks are operational.… SHARETHIS.addEntry({ title: "Iranian Energy Sector a Political Pitfall for Some, New Opportunity for Others", url: "http://jutiagroup.com/2008/05/13/iranian-energy-sector-a-political-pitfall-for-some-new-opportunity-for-others/" });