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Keyword: worldenergy

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  • Shell will make billions-dollar investment in Iran oil sector

    10/17/2005 2:15:17 PM PDT · by F14 Pilot · 17 replies · 1,157+ views
    Tehran Times ^ | October 17, 2005
    Chairman of the Shell companies in Iran, Yves Merer, said here Sunday the Anglo-Dutch oil giant would make an investment worth billions of dollars in the Islamic Republic's industry. Merer, who talked to Fars News Agency, added the demand for energy, including oil, would soar in the future but oil prices would keep fluctuating. He reiterated, The Shell will inject billions of dollars into Iran's industry if the country pays more heed to investment. The Shell Companies Group has allotted some 15 billion dollars for development of complicated oilfields across the world. The task is faced with two main problems...