Shell in talks with Iran oil company
Managing Director of Iran’s Pars Oil Company says oil giant Shell has voiced interest to resume activities in the country’s energy sector.
Hossein Vafaee said indirect talks have already started with Shell. The Iranian official also forecast “tough conditions” for Iran once after sanctions against the country are removed.
“If sanctions are removed, many rivals will enter the Iranian market and this will make tough conditions for us,” Forsat Emrooz Newspaper quoted Vafaee as saying.
He reiterated that Iran is after regaining its share of regional and global energy markets when sanctions imposed against the country over its nuclear program are lifted.