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:
  • Forbes List: 10 richest people in the world
    NEW YORK (AP) — Bill Gates, the founder of technology company Microsoft Corp., topped Forbes' 2015 list of the world's top billionaires for the second straight year. In 2013, Mexican billionaire Carlos Slim Helu was on top. He ranked second this time.
    03/2/2015 - 12:21 pm | View Link
  • TURKIYE PETROL RAFINERILERI A.S.
    2012 EXCLUSIVE: Shell scrambles to pay huge bill for Iran oil 2012 DJ TURKIYE PETROL RAFINERILERI A.S.: Turkey Dramatically Cut Oil Imports From Iran.. 2012 DJ TURKIYE PETROL RAFINERILERI A.S.: Tupras 2011 Net Profit Jumps To TRY1.24 Billi.. 2012 DJ ...
    02/10/2015 - 10:03 pm | View Link
  • Delicious, delectable, dangerous treats?
    Shift by MSNBC's Seema Iyer travels to Colorado to learn more about the production of pot goodies, many of which are earning a bad reputation. ... more Duration: {{video.duration.momentjs}}
    12/16/2014 - 5:00 am | View Link
  • Cruel but hilarious moment terrified California swimmer is chased out of the water by shark fin held by diver
    After hearing a cry of 'shark' this man did what anyone would, and made a desperate dash to shore. Amid screams of 'keep going', the swimmer panicked and thrashed around in the water before finally reaching the safety of land. It was only when he reached ...
    11/11/2013 - 3:07 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 ...
    03/25/2012 - 1:47 pm | View Link
  • More
BING SEARCH:
  • National Security
    Mexican ruling party PRI Mayor Javier Garfio Pacheco has issued an apology after comments at a rally suggesting that female domestic employees not keep up with ...
    03/27/2015 - 3:31 am | View Website
  • PJ Media
    Is Everybody in the Obama Administration Corrupt? Sure Looks That Way. by Michael Walsh. And nobody gives a damn; this report will be filed and forgotten, and the ...
    03/27/2015 - 12:17 am | View Website
  • WND
    WND Exclusive: Big bankster tied to Obama pick faces U.S. shutdown WND Exclusive: Yemeni crisis takes unexpected Cold War turn WND Exclusive: 'Gays' claim ...
    03/26/2015 - 7:53 pm | View Website
  • Breaking News Videos, Story Video and Show Clips
    CNN Films and CNN Digital Studios present original short films directed by established and rising filmmakers.
    03/26/2015 - 6:41 pm | View Website
  • Topic Galleries
    News, Photos and Information about Chicago Tribune ... When Sam Smith accepted his fourth Grammy last Sunday, he acknowledged an unusual muse.
    03/26/2015 - 4:11 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