NIOC's 2-Year Moratorium

NIOC's 2-Year MoratoriumNIOC's 2-Year Moratorium

The National Iranian Oil Company (NIOC) has two years to clear its debts, as stipulated in next year's budget (March 2015-2016), deputy oil minister Mansour Moazzami said in a statement on Tuesday. "Parliament members have been supportive of our proposals for next year regarding oil industry investments," he was quoted by ISNA as saying.