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Royal Dutch Shell (RDS.A, RDS.B) lost money trading Iranian crude in 2012 shortly before a...

Royal Dutch Shell (RDS.A, RDS.B) lost money trading Iranian crude in 2012 shortly before a European Union embargo and still owes $2.3B to the country for oil purchases, a Reuters analysis says. The loss raises questions about Shell's decision to continue trading with Iran, taking advantage of an exception for pre-existing contracts, when many of its rivals had stopped.
Comments (2)
  • machiavelli
    , contributor
    Comments (446) | Send Message
     
    Yeah, raises questions but most likely zero consequences and lots of upside.
    20 Mar 2013, 03:03 PM Reply Like
  • john001
    , contributor
    Comments (626) | Send Message
     
    This kind of news makes me ashamed of having worked for shell. They harp on about their business ethics and then pull this kind of stunt. Shame.
    20 Mar 2013, 03:37 PM Reply Like
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