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Shell unsure on South Pars
- Iran: Monday, December 31 - 2007 at 08:14
Royal Dutch Shell will put off a decision about investing in Iran's South Pars gas field for at least a year as mounting costs and political pressure from the US cloud the issue, reported the UK's Daily Telegraph. Shell is looking to participate in a $4.9bn project to develop two phases of South Pars alongside Spain's Repsol and Iran has asked all interested firms to submit their plans by June.
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Jonathan Sheikh-Miller, Deputy EditorMonday, December 31 - 2007 at 08:14 UAE local time (GMT+4)
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