Young Journalists Club | Latest news of Iran and world

24 September 2018 - 07:44
News ID: 2507
Iran » Iran
Publish Date: 11:45 - 28 October 2013
Tehran, YJC. As Iran and Shell look forward to resume trade, the country is seeking to claim its $2.3 billion credit first.

Shell was a costumer for Iran’s crude before EU sanctions cut the deal. Back then, the Anglo-Dutch company used to buy 150-200 thousand bbl Iranian black gold every day.

As sanctions made the company stop its purchase of Iranian oil, the company came to owe $2.3 billion, which had to do with 8 million bbl oil it had received on credit.

So far Shell has considered a number of ways to pay Iran back, but the two sides have not yet reached agreement on a specific plan.

Recently the Iranian Oil Minister Bijan Namdar Zanganeh has formed a workgroup to pursue the country’s claims of different international companies. The workgroup has so far had correspondences and phone calls with Shell in pursuit of the debt.

Not only a costumer of the Iranian crude, Shell used to cooperate with Iran in projects such as the Soroush and Noruz field development projects before sanctions stalled the business.

Tags
Your Comment
Name:
Email:
* Comment:
* captcha: