Bank Of Baku

Shell to implement the terms of EU embargo on Iranian crude

Shell to implement the terms of EU embargo on Iranian crude
# 28 January 2012 09:21 (UTC +04:00)
Baku. Konul Jafarli – APA. Royal Dutch Shell will implement the terms of a European Union embargo on Iranian crude but will need some time to study details of the sanctions which are likely to push oil prices higher, chief executive Peter Voser said on Friday.

"We are a European company and therefore we are affected by the sanctions and we will obviously oblige and implement the sanctions. I need to study all the details in order to see how it goes forward in the next few months," Voser said at the annual World Economic Forum in Davos.
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