API Anonima Petroli Italiana Spa


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  • "So why, according to sensitive trading records seen by the Guardian, did other European oil giants, including Shell, Total and API, increase their purchases? The answers illustrate the tendency of the increasingly complex measures being taken against Iran to throw up unintended consequences, and the apparent willingness of some oil firms to place profits ahead of the west's political strategy... Shell, Total and API all stressed they bought the oil at the market price and that no additional discount was received." (The Guardian, "Oil firms reap benefits of Iran's build-up of crude oil stocks," 9/27/2010)