Can’t Be Settled Because of Sanctions
The estimated $2.3 billion payable to the National Iranian Oil Co.
can't be settled because of sanctions imposed on Iran, Royal Dutch Shell said in
its annual financial filing for 2012 that was published today. (UPI, 21 March)
Shell said it ended upstream commercial operations and new business
developments in Iran in 2010 as a result of sanctions.
“We recently began the process to close our small representative office in Iran and terminate all its activities,” Shell's financial filing stated.
“We recently began the process to close our small representative office in Iran and terminate all its activities,” Shell's financial filing stated.
“Currently, we have approximately $2.3 billion payable to, and $11
million receivable from, National Iranian Oil Company,” the statement read. “We
are unable to settle the payable position as a result of applicable sanctions.”
5 comments:
Keep it for now.They will only give the money away to Hezbollah.
more western theft
It's not "theft".
It's keeping the money away from
an irresponsible regime which will
only give Iran's money to foreign
terrorists.
Why you living in the West hypocrite?
What does where I live have to do with the theft of irans natural resources by the west?,a theft that dates back to almost the beginning of the 20th century if you bothered to take any notice of such things,and what "foreign terrorists" would that be?,are you sure you`re not getting mixed up with your good friend and western ally saudi arabia they`re the only supporters/exporters of terrorism in the middle east
It's got a lot to do with it because it proves you are a hypocrite while living in the West.
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