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Section: General News - Royal Dutch Shell and Repsol have offered a new proposal on a major gas project in Iran's South Pars gas field, Iranian Oil Minister Gholam Hossein Nozari announced here on Tuesday.
"Shell and Repsol have offered a new proposal for initial production of Phase 13 and 14 of South Pars gas field," Nozari said, speaking at a press conference here in Tehran.
Earlier in April, Managing Director of the National Iranian Oil Company (NIOC) Seifollah Jashnsaz announced that Tehran has given Royal Dutch Shell and Spanish Respol a 45-day deadline (until may 20) to announce their decision and plan of action in the Persian LNG project.
"In the …