Exclusive: Shell Scrambles To Pay Huge Bill For Iran Oil

Shell

LONDON (Reuters) - Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and U.S. financial sanctions now make it almost impossible to process payments, industry sources said.

Senh: Um. Isn't that good news for them? They don't pay Iran $1B! The headline should be "Iran Struggles to Get $1B Payment from Shell."

Sections:  news   world   business   
Topics:  crude oil   energy   eu   european union   iran sanctions   oil   shell   
RELATED ARTICLES
  • Keystone XL pipeline to be delayedKeystone XL pipeline to be delayed
    TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. More
  • Drivers benefit as oil prices drop sharply
    A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More
  • Iran moves to speed up nuclear program despite sanctions
    Iran is increasing the number of advanced uranium enrichment centrifuges installed at its Natanz underground plant, despite tightening international sanctions aimed at stopping Tehran's nuclear progress, diplomats said on Wednesday. More
  • Nigeria tycoon 'plans $8bn refinery'
    Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More
  • Exxon CEO's Compensation Rises to $40.2 Million
    Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million. More
BING NEWS:
  • Shell Scrambles To Pay Huge Bill For Iran Oil: Exclusive
    Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and U.S. financial sanctions now make it almost impossible to process payments, industry sources said. Royal Dutch Shell is struggling to pay off $ ...
    04/13/2014 - 4:25 pm | View Link
  • Exclusive: Shell scrambles to pay huge bill for Iran oil
    Four sources said the oil major owes a large sum to the National Iranian Oil Co (NIOC) for deliveries of crude, with one putting the figure at close to $1 billion. A debt of that size would equate to roughly four large tanker loads of Iranian crude or ...
    03/25/2012 - 7:48 am | View Link
  • Exclusive: Shell scrambles to pay huge bill for Iran oil
    Four sources said the oil major owes a large sum to the National Iranian Oil Co (NIOC) for deliveries of crude, with one putting the figure at close to $1 billion. A debt of that size would equate to roughly four large tanker loads of Iranian crude or ...
    03/24/2012 - 11:18 pm | View Link
  • EXCLUSIVE-Shell scrambles to pay huge bill for Iran oil
    Four sources said the oil major owes a large sum to the National Iranian Oil Co (NIOC) for deliveries of crude, with one putting the figure at close to $1 billion. A debt of that size would equate to roughly four large tanker loads of Iranian crude or ...
    03/24/2012 - 11:07 pm | View Link
  • EXCLUSIVE-Shell scrambles to pay huge bill for Iran oil
    LONDON, March 25 Sun Mar 25, 2012 6:07am EDT Four sources said the oil major owes a large sum to the National Iranian Oil Co (NIOC) for deliveries of crude, with one putting the figure at close to $1 billion. A debt of that size would equate to roughly ...
    03/24/2012 - 1:00 pm | View Link
  • More
BING SEARCH:
  • Politics News and U.S. Elections Coverage
    Get the latest breaking politics news and political coverage of U.S. elections. Get updates on President Obama's White House, Congress and more at ABC News.
    04/24/2014 - 9:20 am | View Website
  • CNN Video
    See how she gives her tribe the finger. Outrage over viral BMX trick video. LOST AND FOUND
    04/24/2014 - 8:23 am | View Website
  • India
    The latest India and international business, finance, economic and political news, comment and analysis from the Financial Times on FT.com
    04/24/2014 - 3:51 am | View Website
  • Politics and Elections News – Latest Breaking Political ...
    About Townhall.com. Townhall.com is the leading source for conservative news and political commentary and analysis. Townhall is packed with breaking news ...
    04/24/2014 - 2:39 am | View Website
  • Topic Galleries
    News, Photos and Information about chicagotribune.com ... The first distress call from a sinking South Korean ferry was made by a boy with a shaking voice, three ...
    04/23/2014 - 10:07 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News