By Daniel J. Graeber | June 13, 2016
TEHRAN, June 13 (UPI) — A shipment of Iranian crude oil was sold to Royal Dutch Shell and talks are developing with other major oil companies, an Iranian official said Monday.
Royal Dutch Shell paid off its debt to its Iranian counterparts early this year, clearing the way for the company to resume its cooperation with Iran now that sanctions pressures are easing.
Shell Chief Executive Officer Ben van Buerden said in early February the company was eager to settle its debt to Iran as soon as legal mechanisms permit. At the time, the CEO said it was still too early to make any firm commitments in Iran.