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Shell still lifting Iran crude oil

March 14, 2012, 12:23 p.m. EDT

By Benoit Faucon

KUWAIT CITY -(MarketWatch)- Royal Dutch Shell PLC RDS.B -1.30% and Total SA TOT -2.68% are no longer lifting Iranian oil crude in Europe due to sanctions, the country’s oil minister said Wednesday.

Speaking to reporters on the side of an energy meeting here, Rostam Ghasemi said: “Shell and Total, they aren’t taking crude our crude in Europe because they are set to comply.”

Though Total has said it had stopped buying crude from Iran, Shell has said it continued lifting crude from the Islamic Republic until long-term contracts expire in a few weeks.


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