International oil companies pending debts to Iran stand around $18 billion, with British, Korean, Indian and Greek processors owing much of the sum, an official says. Royal Dutch Shell, British Petroleum (BP), Indian oil refiners and South Korean petrochemical and polymer companies top the list for pending oil payments, head of the international ...

Iran has been unable to withdraw much of the oil revenue it was cleared to receive in a nuclear agreement with Western sanctions-imposing nations last November, and that may weaken efforts to limit Iran's nuclear program. Since banks remain fearful of violating U.S. sanctions, especially while the outcome of the nuclear deals final talks is uncertain,...

Following the implementation of a nuclear deal between the Islamic Republic and the six world powers, Tehran has received the first installment of its USD 4.2-billion funds previously blocked overseas, an Iranian diplomat says. The first installment of the USD 4.2-billion of Irans blocked oil revenues was transferred to a designated Swiss bank ...