shell signs multibillion deal with iran on lng

Hi all

Interesting news out that Shell and Spanish company Repsol have signed a preliminary agreement to develop the massive South Pars gas field. Estimated costs $10 billion. It seems the US will be looking over it and considering sanctions against them but the important thing for us is that the rest of the world would still like to do business in Iran.

Here's a couple of links. More in Google news:

http://www.tehrantimes.com/Description.asp?Da=1/31/2007&Cat=9&Num=018

http://www.theage.com.au/news/business/shell-iran-deal-revives-bhp-pipedream/2007/01/30/1169919336535.html