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FOR IMMEDIATE RELEASE
March 10, 2010
Contact: Kimmie Lipscomb, press@uani.com
Phone: (212) 554-3296
UANI Applauds Royal Dutch
Shell for Its Decision to End its Sales of Gasoline Into Iran, but Calls on
Shell to Sever All of Its Toxic Business Ties in Iran
In
response to Shell's decision, UANI President, Ambassador Mark D. Wallace said,
"UANI applauds Royal Dutch Shell for making the responsible decision to end its
sales of gasoline into Iran. Such a decision, however, only goes half way
to isolating the Iranian regime. Shell must end its hydrocarbon
development business in Iran. Proceeding
with such Iran-based business makes Shell too toxic for its investors and the
many western businesses and governments that do business with Shell. We call on Royal Dutch Shell to end its
extensive hydrocarbon projects focused on Iran, and to sever all business ties
in Iran."
- In
early 2007, Shell and Repsol entered into a service contract with respect to
development of the South Pars fields for the Persian LNG project. However, the parties will not reach a final
decision on whether to proceed with the project until the remaining significant
commercial and engineering work is complete. Shell Exploration B.V.
(Shell interest 100%) has a 70% interest in an agreement with the National
Iranian Oil Company (NIOC) concerning the Soroosh/Nowrooz fields. The
development phase is completed and all permanent facilities were handed over to
NIOC in 2005. Since then, the Soroosh/Nowrooz fields have been producing with
NIOC responsible for all aspects of the operations. The term of the agreement
expires when all petroleum costs and the remuneration fee have been recovered,
which is expected to occur by 2012.
- A
project framework agreement for the Persian LNG project (Shell interest 25%)
was signed in 2004 with Repsol and the National Iranian Oil Co. to take forward
the Persian LNG project to the next stage of design. Under this agreement, it
is envisaged that Shell would acquire a 50% interest in a project to
develop phases of the South Pars field in the Northern Gulf and a 25% interest
in the midstream liquefaction company. Front-end engineering design work for
the offshore facilities and for the liquefaction plant continued during 2008.
The parties will not reach a final decision on whether to proceed with the
project until the remaining significant commercial and engineering work is
complete.
Since
1966, a Shell entity has a 25% interest in Pars Oil Company, a joint venture
that blends and markets lubricants. Pars Oil Company owns 51% in Pars and Shell
Company (PASH), which
markets and distributes Shell branded lubricants in Iran. A Shell entity also
has a 49% in PASH. We have received legal advice that, contrary to the
assumption in your letter, the company is in compliance with its disclosure and
listing obligations.
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United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code.
The prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace.
United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons. UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons.
The Objectives of United Against a Nuclear Iran
- Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad;
- Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world;
- Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran;
- Lay the groundwork for effective US policies in coordination with European and other allies;
- Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and;
- Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures.
UANI is led by an advisory board of outstanding national figures representing all sectors of our country.
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