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Title
Shell's Iran deal faces scrutiny.
Abstract
The article reports on a preliminary agreement between oil companies Shell and Repsol concerning the development of an Iranian gas field for the National Iranian Oil Co. (NIOC). The deal also covers a buy-back contract with the NIOC. Each of the companies will own 25% of the project with the remaining percentage going to NIOC. The deal covers the construction of a liquefied natural gas plant.