Min.: Banking bottlenecks eliminated for Iran to receive petrodollars

EghtesadOnline: Minister of Petroleum Bijan Zanganeh said on Saturday that the banking bottlenecks were eliminated enabling Iran to receive oil revenues.

News ID: ۷۳۸۲۷۰

27 November 2016

Zanganeh told reporters that Iran will receive money from oil exports, according to IRNA.

'Currently, no cash is away from access of the Central Bank of the Islamic Republic of Iran.'

More on receipt of oil revenues, Zanganeh said that there is no case of blockade over the oil exports revenues.

To a question by IRNA whether Iran received arears from British Petroleum over 50 percent partnership in Roham gasfield north of Europe, Zanganeh said he was not aware of and that's something to do with Naftiran Intertrade Company (NICO).

Roham gas field is in vicinity of Aberdin city in Scotland coastlines in the North Sea, as 50 percent of its share belongs to Iran and the remaining half to British Petroleum.

To a question on dissolution of National Iranian Gas Export Company (NIGEC),
Zanganeh said it will be dissolved and run as a subsidiary of the National Iranian Oil Company (NIOC).

As for fall in Turkmen gas exports to Iran, he said the fall in amount of Turkmen gas exports is the matter of the past.

Iran's gas exports reached four billion cubic meters in the first half (March 20-September 20) of the current Iranian year of 1395 (started on March 20), showing 3.4 percent rise compared to that in the same period the previous year.

Just a week ago, Deputy head of Ghadir Investment Company for Investment and Development Affairs Mansoor Kanani said based on a swap deal with Azeri and Turkmen gas companies, five million cubic meters/day gas is swapped between the two countries through Iranian soil and it will earn Tehran 1,000 billion rials net income.

Kanaani said as of next year, Turkmen gas swap with Azerbaijan through Iran will reach seven million cubic meters a day.

Based on another plan, swap of Russian gas with markets in Persian Gulf via Iranian soil will be finalized.

Meanwhile, Iran has on agenda another swap projects so as two raise crude oil swap and transfer capacity to the northern neighbors up to 2,500,000 barrels a day once necessary infrastructures are prepared and the bottlenecks are eliminated.