The World’s Oil Giant Intends to Enter Iran

A senior official with the Anglo-Dutch Royal Dutch Shell says his company has had intense talks with the National Petrochemical Company (NPC) for restoring its presence in Iran’s energy projects.

Speaking to Shana prior to signing a letter of intent (LoI) in Tehran on Sunday, Hans Nijkamp, Shell Vice President Iran, said “We have been in discussion with the NPC for some time to come to this Letter of Intent signing ceremony.”

He said it is really a document that is a result of very preliminary discussions the two companies have had about projects they could do together.

“We think we can work together with the NPC very well to deliver petrochemical projects in the country here. Shell is a company with a lot of experience in both advanced technologies, and project management skills and we are concentrated on local content when we do our work.”

He said gas-based cracker, diesel, and gas to liquids are some of the areas among many other things Shell can do in Iran.

“This LOI gives us the framework to have proper discussions with the NPC to have these detailed discussions on the confidentiality provisions and then decide what we will do together.”

He said more time is needed for signing an agreement with the NPC.

“An agreement always takes as long as it takes. So it is difficult to put an exact time on it. I think we first need to see what are the areas where we think we can work together and then work out what commercial structures we use, what technical solutions and ultimately you will indeed end up with a sort of a joint venture agreement. But it is too early today to put any timeline on that”.

He said, “We are very pleased that Iran is coming back to be a part of the global community. But it is still a fragile situation, however.”

He said there are still issues with banking that need to be resolved, and money transfer is very difficult. “The fact that I am here today means that we do see a very positive future for Iran and also for Shell in Iran.”

Nijkamp also said this is just the ……

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The World’s Oil Giant Intends to Enter Iran
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