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Shell praises "wonderful" Iran

The big companies are now trying to win the pristine oil and gas resources in the backyard of the Islamic Republic of Iran.

Photo: Vahid Salemi/AP/POLFOTO

For almost a decade, it has been like the oil sector's equivalent to Romeo and Juliet. The big oil companies have looked longingly at Iran's energy reserves, that have been locked in a tower of international sanctions, brought about by the mutual animosity between nations.

But with the prospect of an approaching lifting of the sanctions, oil companies are now openly singing serenades about the country, that may not be flowing with milk and honey, but does have the world's second-largest natural gas reserve and the fourth-largest oil deposits.

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