oil debts | Egypt Oil & Gas

Shell Repays $1.94b Oil Debt to Iran

Royal Dutch Shell has paid $1.94b it owed to the National Iranian Oil Company, settling debts after sanctions against the country were lifted in January.

Iran to See Foreign Oil Companies Paying Off Debts in Euros

Iran says foreign firms, which owe the country its oil money, are ready to settle their debts, with Greece’s Hellenic Petroleum, Italy’s Saras, and Royal Dutch Shell owing Iran altogether about $4b.

Iran Utilizing Investments, Debts for Market Share Ambitions

“We will be raising our oil production at any cost and we have no other alternative,” said Oil Minister Bijan Namdar Zanganeh,

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