Shell, Defying Trump, Signs Deal To Explore Oil Development In Iran
Iran and Shell signed a deal on December 7 to explore developing three of Iran's biggest oil and gas fields, undeterred by U.S. President-elect Donald Trump's vow to undo last year's nuclear arms deal that enabled Western companies to resume business with Iran. Anglo-Dutch Shell is the largest oil company to wade back into Iran since the nuclear deal was signed. It follows France's Total, which last month signed a $4.8 billion deal to explore developing a large offshore gas field. The latest deal opens the way for Shell to assess the ...
Click
To Read Full Article