Energy
0

No Major Hurdle for Zarubezhneft Money Transfer to Iran

No Major Hurdle for Zarubezhneft  Money TransferNo Major Hurdle for Zarubezhneft  Money Transfer

International sanctions against Iran's banking system will not create a major hurdle on transferring money into the country by Russia’s state-owned oil company Zarubezhneft, which made a major oil deal with Iran last month, a senior official at the National Iranian Oil Company said.
According to Gholamreza Manouchehri, deputy for engineering and development at NIOC, a score of Russian banks, whose ties with Iran are still in place, can facilitate the deal's financial transactions, Mehr News Agency reported on Tuesday.
 "The [Russian] company can also transfer its share through several European banks," he added, without elaborating further. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com