Shell back in Iranian energy sector

p>Share TEHRAN, June 7 (UPI) — Energy giant Royal Dutch Shell moved back
into the Iranian energy sector as new sanctions develop against the
resource-rich country, a report says.

The International Oil Daily reported that Shell sent three shipments
containing around 30,000 tons of gasoline each to the Iranian port of Bandar
Abbas in May.
Shell, Swiss oil trading giant Vitol, BP and Reliance of India announced in
March that they would stop dealing with Iran, presumably from U.S. pressure
over Iran’s controversial nuclear activity.

Shell had expressed interest in developing the giant South Pars gas field in
the Persian Gulf.

Iran in May, however, replaced Shell and Spanish energy company Repsol with
the Revolutionary Guard-owned Khatam al-Anbiya at two South Par development
projects.

Shell last delivered gasoline to Iran in October.

U.S. lawmakers, meanwhile, are lingering over tighter sanctions against Iran
as the White House pushes for new measures at the U.N. Security Council.
Companies doing more than $20 million worth of business in the Iranian
energy sector are subject to a ban from U.S. federal contracts under the
Iran Sanctions Act.

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