Iran gets over 70 pct oil income in non-US currencies

Written by:
Subscribe to Oneindia News

TEHRAN, Sept 25 (Reuters) Iran is receiving more than 70 percent of its income from crude oil exports in currencies other than the U.S.

dollar, higher than previously stated, the oil ministry's official website SHANA quoted an official as saying on Tuesday.

Mohammad Ali Khatibi, Deputy Director of International Affairs at the state oil company, also said Nippon Oil and several other Japanese refiners have started paying for crude in yen at Iran's request, but some had called for more time before a switch.


Please Wait while comments are loading...