Oil Money Payment Problems to Be Over in Month: Iranian Official
TEHRAN (Tasnim) – The obstacles in the way of banking transactions for receiving the money from Iran’s oil sale will be removed within the next month, Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said.
Speaking to Tasnim, Javadi said although European banks have begun to conduct the financial transactions that let Iran get its petrodollars, there still exist some problems with the other banking systems that need to be fixed with negotiations that are in progress.
He said the payments are made in dollar and euro, noting that the troubles that some purchasers of Iran’s crude are facing will be settled within the next month.
The comments come against the backdrop of growing concerns that the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany), has not led to any major breakthroughs in Iran’s financial transactions with foreign banks and companies.
Earlier in April, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei said major global banks’ reluctance to work with Iran results from Washington’s intimidating policies and its push for provoking Iranophobia.