Exclusive: Shell Scrambles To Pay Huge Bill For Iran Oil

Reuters: Business News, Reuters: Business
Sun, 03/25/2012 - 8:19am

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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