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   
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BING NEWS:
  • 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 ...
    03/24/2012 - 3:48 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 ...
    03/24/2012 - 1:00 pm | View Link
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