15 Dec 2024
Sunday 9 January 2022 - 11:55
Story Code : 392610

Iran being paid for crude exports, shipments rising: NIOC chief

Iran has seen its oil exports steadily increase in recent months while it has been able to recoup revenues despite sanctions imposed by the United States on both the sales and on banking transactions meant to settle payments, says a top Oil Ministry official.

Mohsen Khojasteh Mehr, who serves as the CEO of the National Iranian Oil Company (NIOC), said on Saturday that senior government officials have been informed about continued rise in Irans oil exports since a new administration took office in Tehran in August.
I am afraid I cannot reveal export figures but I can just say that the situation has improved. Monthly reports about Irans exports of crude and condensates are sent to the countrys top officials and they are informed about the details, Khojasteh Mehr told the semi-official Fars news agency.
He said that a major reduction reported in Irans storage of condensates, which is a very light form of crude, is a sign that exports have increased in recent months.

On recouping oil export revenues, the official, who is also a deputy oil minister, said that the NIOC is being duly paid by its crude customers, adding that the Central Bank of Iran is the ultimate authority to control the proceeds.

 

Source: Press TV
https://theiranproject.com/vdca6unew49noi1.tgk4.html
Your Name
Your Email Address