Shell in Iran
Someone had to do it. But poor old Shell, stuck between a rock and a hard place with neither the US nor Russia playing ball. They'll be OK.
Shell defies US pressure and signs GBP5bn Iranian gas deal | | Guardian Unlimited Business
Shell has signed an important deal to help Iran develop a major gas field, ignoring growing pressure from George Bush to isolate the country for being part of what he alleges is an "axis of evil".
The Anglo-Dutch group, which is struggling to bring more momentum to its business after being forced to hand over vital Russian reserves at Sakhalin island to the Kremlin, confirmed it had finally reached agreement on various aspects of its "Persian LNG" - liquefied natural gas - project centred on the South Pars gas field...
The move is a bold one by Shell because its arch-rival BP has declared itself unwilling to invest in Iran at a time when the international political climate surrounding the country is so forbidding.
