Financial Times FT.com

Tehran delivers gas ultimatum

By Najmeh Bozorgmehr in Tehran

Published: April 17 2008 02:44 | Last updated: April 17 2008 02:44

Iran’s oil minister on Wednesday warned Royal Dutch Shell, France’s Total and Spain’s Repsol that the June deadline to sign multi-billion dollar natural gas contracts would not be extended.

“It is the last chance,” Gholam-Hossein Nozari said, reiterating he had urged officials to “finalise” the deals around mid-June on three phases of South Pars, the world’s biggest gas field.

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