Iran opening bank account to settle Shell debts
Baku, Azerbaijan, Jan. 26
By Dalga Khatinoglu- Trend:
Iran's Bank Mellat carried out preparations to open a bank account in Europe to receive Royal Dutch Shell's delayed debts to Iran's National Oil Company, said the bank's website.
"Some 1.2 billion euros will be deposited by Shell to the Bank Mellat's account," said the message of the bank.
The message didn't mention the banks or countries where the money would be deposited.
Shell was one of Iran's crude oil clients before imposed sanctions on Iran that has $2.3 billion debts to Iran (based on what Iranian government has announced) remaining since the pre-sanctions era.
Bank Mellat didn't mention how the remained debts of Royal Dutch Sell would be paid off.
Iran and P5+1 commenced nuclear agreement on Jan.16, which led to lifting Iran's banking sanctions.