Addressing a press conference on Sunday, Mr. Zangeneh said, "This
is a flat-out lie and there is no connection between Iran's oil sales and the
purchase of weapons for the country."
The official added: "Buying of weapons takes place in accordance
with the country's policies, so do oil sales, and there has been no barter in
"We receive the oil money in euros from China, but transferring
this cash to other banks is difficult," he said about the way Iran receives
its oil money from its buyers.
"Koreans also pay part of the money in euros, but they insist on
paying a portion of the money in won, and negotiations will be held in this
regard because this is not an acceptable process for us and the Central Bank of
The Petroleum Minister further touched on the contract for the sale of
gas to the Norwegian company IFLNG, saying, "The contract signed in this
regard was not final and was rejected at the approval stage. That is, the
contract has now been canceled."
Production in the Caspian Sea is a national issue
Zangeneh, in another part of his address, responded to a question
about the Petroleum Ministry's program for the development of the Caspian Sea
plays, and said: Oil production in the Caspian Sea is not only economically
important, but because of our share and status in this region, it is a national
issue. Oil production in the Caspian Sea is expensive, and production costs may
reach $30/b. However, we have had talks with Lukoil, a Norwegian company as
well as the Azerbaijan Republic for a joint effort that we hope to achieve."
"In the deep waters of the Caspian Sea, which have no access to high
seas, Iran alone can not carry out drilling operations. Because if the smallest
thing happens, it will have many consequences. This should be seriously taken
into consideration," he noted.
Frozen Oil Money in Foreign Countries?
In response to a claim that Iranian money was blocked in some
countries, Zangeneh said, "India owed us 2,400 million euros, of which
they have so far settled €900 million of their debts, will pay another €1,000
million in April or March, and €500 million in the future. This is to say that the
fate of the country's oil money has been determined."
He added: "We do not have any blocked money in China, and our
money is in a bank which needs some fees for receiving it. We've been
negotiating this matter, but it's not done yet. I do not know if any sums have been