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Total oil debts to Iran exceeds $ 4 bln

Extracts from a Trend article by Umid Niayesh published 20 May 2014

Royal Dutch Shell also has not settled its debts without unveiling further details. Previously Iranian media outlets reported that the country’s oil minister Bijan Namdar Zanganeh has tasked a working group with collecting $2.3 billion debt from Royal Dutch Shell. Shell lost money trading Iranian crude in 2012 shortly before a European Union embargo and still owes $2.3 billion to Tehran for oil purchases.

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