Shell, Total To Get 1st Foreign Gas Stations In Iran
$RDS-A, $TOT
Iran’s state TV is reported Friday that Royal Dutch Shell (NYSE:RDS-A), and France’s Total (NYSE:TOT) will be the 1st foreign companies to be allowed to operate gas stations inside Iran.
The Press TV English-language channel quotes the head of Iran’s filling stations union, Bijan Haj Mohammadreza, as saying 100 new licenses have been issued to each company.
Until now, the only retail gas (service) stations belonged to the National Iranian Oil Products Distribution Company.
The agreement comes after Iran and the 6 UN world powers reached an accord on 14 July that curbs the country’s disputed nuclear program in return for the lifting of international economic sanctions.
Have a terrific weekend.
HeffX-LTN
Paul Ebeling
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