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."

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Topics:  crude oil   energy   eu   european union   iran sanctions   oil   shell   
BING NEWS:
  • 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
  • Exclusive: Shell scrambles to pay huge bill for Iran oil
    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 a large ...
    03/25/2012 - 3:56 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
    LONDON, March 25 (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. Four sources ...
    03/24/2012 - 11:07 pm | View Link
  • Exclusive: Shell scrambles to pay huge bill for Iran oil
    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. Four sources said the oil ...
    03/24/2012 - 6:08 pm | View Link
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