Oct 19 2009 |
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Talks With Shell, Repsol Progressing
Iran is making good progress in talks with
Royal Dutch Shell
PLC and
Repsol
SA on a key production and liquefaction scheme called Persian LNG, an Iranian news agency said on Wednesday, quoting a top official.
The statement comes as Iran is stepping up publicity around foreign oil talks amidst rising tensions with the West over its civilian nuclear program, Dow Jones wrote.
The Persian LNG project consists of the development of the phases 13 and 14 of South Pars Gas field and the construction of two LNG trains, each with a capacity of 8.1 million metric tons a year.
Shell did not return a request for comment and Repsol could not be reached.
The statement comes after Iran said last Monday that talks with France's Total SA had resumed on South Pars Phase 11, which is tied to the Pars LNG export scheme. Total has declined to comment.
Total , Shell and Repsol have so far refrained from signing final commitments to implement the projects, after coming under pressure from the US.
On Monday, the Iranian Offshore Oil Company also said it was in talks with RAK Gas Co. to export natural gas to Ras Al-Khaimah, a small member of the United Arab Emirates.
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