Baku, Azerbaijan, Sept.11
By Leman Zeynalova – Trend:
Royal Dutch Shell has decided to suspend its Iran related activities, Trend learned from the company.
“Shell has been exploring potential areas of cooperation in the energy sector with the Iranian government since early 2016, after Implementation Day of the Iran Nuclear Deal or JCPOA. However, following recent geopolitical developments, Shell has decided to suspend its Iran related activities until further notice,” said the company.
In 2017, Iran signed a basic agreement with Shell over studying the country's Kish gas field as well as South Azadegan and Yadavaran oil fields.
The new US sanctions will take six months to kick in, but a number of European companies have already halted their businesses in Iran despite verbal pledges by their governments to protect them against any fallout.
US President Donald Trump announced on May 8 that Washington was walking away from the nuclear agreement, which was reached in 2015 between Iran and the five permanent members of the UN Security Council - the US, Britain, France, Russia and China - plus Germany.
Trump also said he would reinstate US nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.
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