Iran is an interesting country in terms of geological structure, and there are interesting prospects, van Beurden said during the Oil & Money conference, being held in London on October 6-7.
According to the Shell CEO, the company’s plans in Iran will depend on how the Iranian market develops in the short-term, the investments required and the general situation in the country.
Iran and the P5+1 group of world powers — including Russia, the United States, China, France and the United Kingdom plus Germany — reached a deal in July to monitor and limit Tehran's nuclear program in exchange for the easing of international sanctions, which opened the way for Tehran to pursue energy projects.
Following the signing of the agreement, Iran announced that it could renew its economic ties with the EU members states.
