The Iranian energy company Petropars Ltd. is holding negotiations with Oil and gas major Royal Dutch Shell on carrying out feasibility studies for investment in oil and gas projects, managing director of Petropars Mohammad Javad Shams said to Shana on Monday.
Royal Dutch Shell, commonly known as Shell, is a multinational oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is the seventh largest company in the world as of 2016, in terms of revenue. Shell paid €1.77 billion ($1.9 billion) it owed the National Iranian Oil Company in March, settling debts after sanctions against the country were lifted in January.
Source: SHANA, 23.May.2016
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