Published: March. 21, 2013 at 8:17 AM
THE HAGUE, Netherlands, March 21 (UPI) — The estimated $2.3 billion payable to the National Iranian Oil Co. can’t be settled because of sanctions imposed on Iran, Royal Dutch Shell said.
Shell published its annual Form 20-F for 2012, which provides a comprehensive detail of financial activity for the year ending Dec. 31, 2012.
The company said it ended upstream commercial operations and new business developments in Iran in 2010 as a result of sanctions. Western governments have used economic sanctions as a way to limit Iran’s nuclear program, which the Iranian government says is peaceful.
“We recently began the process to close our small representative office in Iran and terminate all its activities,” Shell’s filing stated.
Shell through pre-existing contracts maintained oil ties to Iran before the European Union placed an embargo on Iranian crude oil mid-2012. It posted a net loss of $6 million in 2012 on Iranian oil purchases and says it still owes the Iranian government money.
“Currently, we have approximately $2.3 billion payable to, and $11 million receivable from, National Iranian Oil Company,” the statement read. “We are unable to settle the payable position as a result of applicable sanctions.”
All contracts and activity with Iran ended before June 28, the company said. Iran this week said it was weaning itself off oil revenue.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
