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Oil giant stepped up orders of Iranian crude while others halted trade amid sanctions imposed by UN, EU and US
Iran's oil depot at Kharg Island, the country's main export terminal in the Persian Gulf. Oil is a major export for Iran. Photograph: Kaveh Kazemi/Getty Images
Shell, the Anglo-Dutch oil giant, paid the state-owned Iranian oil company at least $1.5bn (£0.94bn) for crude oil this summer, increasing its business with Tehran as the international community implemented some of the toughest sanctions yet aimed at constricting the Islamic republic's economy and its lifeline oil business.
Sensitive trading documents seen by the Guardian show the UK-registered company stepped up its orders of Iranian oil at a time when other major buyers, including BP and Reliance Industries, India's largest conglomerate, halted orders amid impending trade sanctions aimed at curbing Tehran's perceived desire to acquire nuclear weapons.
. . . .
"When purchasing crude oil, we buy at market prices," she said. "We have no intention to take advantage of sanctions. We respect international regulations and have stopped the sale of refined products to Iran, but currently the sanctions that have been applied by the UN and EU, when translated into French law, do not concern the trading of crude oil."
Originally posted by archangel2012
Comment: I have been using shell for fuel for over 15 years now. I will no longer be helping them to fund terrorists.
We respect international regulations and have stopped the sale of refined products to Iran,
Originally posted by akapapasmurf
i stopped paying taxes 3 years ago because i refuse to fund terrorists too
Originally posted by zorgon
Since Shell is Royal Dutch Shell based in Amsterdam, I don't see how they have to obey US sanctions