29 Mar 2024
Thursday 4 June 2015 - 06:47
Story Code : 166775

Shell CEO discusses $2 billion debt payment with Iran oil minister

Tehran, June 4, IRNA Royal Dutch Shell PLC said Wednesday it was discussing the repayment of an outstanding debt of over $2 billion with Iran when international sanctions are lifted.

The debt, which stems from Iranian oil deliveries that Shell was unable to pay because of the sanctions, are a reminder of the issues foreign companies will need to resolve before any return to Iran.

Speaking to reporters after a meeting with Iran Oil Minister Bijan Zangeneh, Shells Chief Executive Ben van Beurden said he came to give assurance that payments will be made as soon as they can be made. He said that would be possible only when sanctions are lifted and the Anglo-Dutch oil giant gets permission from U.K., the Netherlands and the U.S.

Mr. van Beurden also said he also made it very clear that...the moment the sanctions regime has changed, we will look at opportunities in Iran.

Progress in nuclear talks between Iran and the international community has triggered hopes that Western oil companies will be allowed to return to the Islamic republic.

Mr. Zanganeh met executives from European companies in Vienna, where he is attending a seminar and a summit of the Organization of the Petroleum Exporting Countries.

By IRNA
https://theiranproject.com/vdcbz0b8srhb0zp.4eur.html
Your Name
Your Email Address