Royal Dutch Shell plc .com Rotating Header Image

Posts on ‘March 25th, 2012’

Shameless, unrepentant and corrupt, Bertie Ahern

So there you have it. An Irish Prime Minister who has a track record of corruption associated with planning matters and a greedy ruthless oil giant, also with a track record of corruption. A true meeting of like minds.

By John Donovan

Earlier today the The Mail Online reported an announcement by the corrupt, disgraced former Irish Premier Bertie Ahern, that he is quitting Fianna Fáil, the political party he joined some 40 years ago and led for 14 years.

He left knowing that he was about to be ejected from the party after Mahon Tribunal judges, investigating allegations of corrupt payments to politicians, relating mainly to planning decisions, said they did not believe any of the evidence he had given to them.

read more

Shell scrambles to pay huge bill for Iran oil

“Shell is working hard to figure out a way to pay NIOC,” said an industry source, who requested anonymity. “It’s very sensitive and very difficult. They want to stay on good terms with Iran, while abiding by sanctions.”

By Richard Mably and Peg Mackey

LONDON | Sun Mar 25, 2012 11:18am BST

(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.

Four sources said the oil major owes a large sum to the National Iranian Oil Co (NIOC) for deliveries of crude, with one putting the figure at close to $1 billion. A debt of that size would equate to roughly four large tanker loads of Iranian crude or about 8 million barrels.

read more

%d bloggers like this: