Euro Given Priority Over Dollar in NIOC's Intl. Trade

Euro Given Priority Over Dollar in NIOC's Intl. Trade
Director of the International Affairs Department at National Iranian Oil Company (NIOC) Mohsen Qamsari said on Wednesday that due to problems Iran has with the US, dollar is replaced in certain dealings with preferably euro and then other currencies like Japanese yen and the UAE's dirham.

Talking to Shana's English news desk, Qamsari said in crude side, local currencies are not used and euro, and then other currencies like Yen or dirham are used.

He said this year gasoline imports will stand less than eight million liters.


Aug 17, 2016 13:29

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تصویر نمادالکترونیکی

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.