Aug 31, 2007

Shell Throws In The Towel

Regnum reports, Shell oil "is ramping down its involvement in Azerbaijan, as the global oil company hands most of its share in the undeveloped Inam project to South Korea. On August 28, Seoul officials announced that South Korea’s National Oil Company signed an agreement with Shell in July to buy out 20 percent of Shell’s 25 percent stake in the BP-led project."

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