Sunday May 27, 2018

PetroEnergy Information Network

Saturday / 1/27/2018 12:00:00 AM / 15:55
Service : Oil
News Id : 281064
Reporter : 763

Iran has no Trouble Receiving Oil Money: Minister

(Saturday, January 27, 2018) 15:55

TEHRAN, Jan. 27 (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the National Iranian Oil Company (NIOC) is fully repatriating the country's oil money from its buyers.

Speaking on the sidelines of a press conference on Saturday, the official told reporters that Iran fully receives its oil money.

"Only the money transfers from China and South Korea are a little difficult but the cash is ultimately repatriated," the official said.

Speaking on the potential rise in the prices of energy carriers, Zangeneh said, "We are not seeking an increase in the prices."