Published: Oct. 28, 2010
LONDON, Oct. 28 (UPI) — Royal Dutch Shell is still dealing with Iranian crude oil shipments under current contracts, the company’s chief financial officer said Thursday.
Simon Henry, Shell’s top financial official, said his company was still taking delivery of Iranian crude oil under the terms of its existing contracts with the Islamic republic.
The European Union and United States passed new sanctions in July that target Iran’s energy sector, though Henry said the sanctions didn’t deal with trading in Iranian crude.