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Shell in talks with Iran to improve post-sanctions business

by ChemOrbis Editorial Team -
  • 25/06/2015 (15:19)
According to media reports, Shell has recently been in talks with Iranian officials in order to improve their businesses in Iran’s oil and gas industries once sanctions are lifted. Iran and six major powers - the United States, France, Britain, China, Russia and Germany - are expected to reach an agreement over the country’s nuclear program by June 30, 2015.

Shell and the National Iranian Oil Company (NIOC) also discussed Shell’s $2 billion debt which it owes for oil bought from Iran but not paid for due to sanctions.

Recently, several companies around the world have stated their willingness to invest in Iran’s oil and gas industries.
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