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 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:
  • The Kingdom of Berendeevo is a unique and exclusive project. Is a set of cottage settlements on the river Oka, built in ancient architectura...
    See Pin showing huge oak tree in front of house ... was Freshwater West Beach of the Pembrokeshire Coast National Park, Wales). Shell Cottage is the home of Bill Weasley and Fleur Delacour, a film set from Harry Potter and the Deathly Hallows built ...
    06/3/2017 - 5:52 am | View Link
  • Exclusive: Shell and Anadarko mull clean break from Permian venture
    Royal Dutch Shell Plc (RDSa.L) and Anadarko Petroleum Corp (APC.N) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive. The divorce ...
    03/26/2017 - 1:00 pm | View Link
  • Exclusive: Shell scrambles to pay huge bill for Iran oil
    LONDON 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. Four sources said the oil major owes ...
    03/25/2012 - 3:48 am | View Link
  • Exclusive: Secret Pakistani-U.S. memo offering overthrow of military leadership revealed
    Over the past month, the rumors of the memo and its contents have ballooned into a huge political crisis in Pakistan ... a plausibly deniable go-between to make it work. I fit that bill perfectly because he knew the Pakistanis, who have been assassinating ...
    11/17/2011 - 5:54 pm | View Link
  • More
BING SEARCH:
  • AOL
    Get breaking news and the latest headlines on business, entertainment, politics, world news, tech, sports, videos and much more from AOL
    06/17/2017 - 9:45 am | View Website
  • U.S. News | Latest National News, Videos & Photos
    Sections; Top Stories; Watch; U.S. International; Politics; Lifestyle; Entertainment; Virtual Reality; Health; Tech; Investigative; Sports; Weather; Shows. Shows ...
    06/17/2017 - 1:10 am | View Website
  • Money: Personal finance news, advice & information
    Latest news, expert advice and information on money. Pensions, property and more.
    06/16/2017 - 6:22 pm | View Website
  • US Top News and Analysis
    3 Hours Ago. The director of national intelligence and head of the NSA will speak with investigators. The NSA's former deputy director will also be interviewed.
    06/16/2017 - 4:13 pm | View Website
  • Today's Stock Market News and Analysis
    Please note that once you make your selection, it will apply to all future visits to NASDAQ.com. If, at any time, you are interested in reverting to our default ...
    06/16/2017 - 3:05 am | 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