Oil Money Payment Problems “to Be Over in Month”

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.

(Source: Tasnim, under Creative Commons licence)

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