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Shell confirms it signed MoU with Iran's NIOC

Reuters - UK Focus

DUBAI, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - Royal Dutch Shell (LSE: 0LN9.L - news) has signed a memorandum of understanding (MoU) with National Iranian Oil Company (NIOC) "to further explore areas of potential cooperation," a Shell (LSE: RDSB.L - news) spokesman confirmed on Wednesday.

"Details of specific opportunities are confidential," the spokesman said.

Shell was due to sign three MoUs in Tehran to develop the South Azadegan and Yadavaran oil fields and the Kish gas field, an Iranian Oil Ministry official told Reuters earlier on Wednesday. (Reporting by Rania El Gamal; editing by Jason Neely)