Royal Dutch Shell Plc  .com Rotating Header Image

Shell increases crude oil trade with Iran – report

Reuters Africa
Tue Sep 28, 2010 1:41am GMT

LONDON, Sept 28 (Reuters) – Royal Dutch Shell (RDSa.L: Quote) has bought $1.5 billion worth of crude oil from the National Iranian Oil Company (NOIC), Britain’s Guardian newspaper said, citing sensitive trading documents.

The newspaper said the UK-registered company this summer stepped up its orders of Iranian oil while other major buyers — including BP (BP.L: Quote) and India’s Reliance Industries (RELI.BO: Quote) — halted orders following U.N.-imposed sanctions in June in reaction to Iran’s uranium enrichment programme.

Wide-ranging international sanctions implemented in June and July have excluded crude oil sales, but Western-allied powers have increased political pressure on countries to trade less with Iran.

“We continue to comply with all legislation,” the Guardian quoted a Shell spokesman as saying, adding that the company does not comment on its trading activities.

The paper quoted a Foreign Office spokesman as saying Britain “will rigorously enforce sanctions.”

No immediate comment was available from the Foreign Office, while Shell was not immediately reachable.

(Reporting by Karolina Tagaris; Editing by Bernard Orr)

© Thomson Reuters 2010 All rights reserved


Guardian Article: Shell increases oil trade with Iran – despite sanctions

This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.