Iran Says Door Still Open To Shell But Repsol Pulled Out
The Wall Street Journal / Benoit Faucon
26-Jun-2010

)--Iran is leaving the door open to Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) to join a giant gas project but Repsol YPF (REP, REP.MC) has completely pulled out, a top government official said Friday.

The statement comes after state-owned Pars Oil and Gas Co. awarded contracts to develop phases 13 and 14 of the South Pars field to domestic companies after talks with Shell and Repsol came to no avail.

Speaking to Dow Jones Newswires, Hojatollah Ghanimifard, vice president in charge of investment affairs at the National Iranian Oil Co., said the Anglo-Dutch company has been told to contact POGC so "they will be introduced to contractors" with whom they could work. Shell declined to comment.

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