Middle-east Arab News Opinion | Asharq Al-awsat

Shell Increases Crude Oil Trade with Iran – Report - ASHARQ AL-AWSAT English Archive
Select Page

LONDON,(Reuters) – Royal Dutch Shell 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 and India’s Reliance Industries — 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.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube