TEHRAN | BY GUY FAULCONBRIDGE: Mon Aug, 2015
Aug 24 Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country’s vast energy sector, Shell’s boss for new business said.
Much would depend on the terms offered by the Islamic Republic once sanctions were lifted, said Edward Daniels, Shell’s executive vice-president for commercial and new business development. He was speaking to Reuters while on a British government visit to reopen the country’s embassy in Tehran.