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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USA Today, Friday - 04/26/2013 - 08:43 AMTransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected.
More | Talk | Read It Later | ShareNEW YORK -- 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.Over the past three weeks, the price of oil has fallen by 9 percent to $89 a barrel. That has helped extend a slide in gasoline prices that began in late February.
More | Talk | Read It Later | ShareVIENNA (Reuters) - 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 | Talk | Read It Later | ShareAfrica'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 | Talk | Read It Later | ShareExxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million.
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