Iran has no Trouble Receiving Oil Money: Minister

28 Jan 2018
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TEHRAN, (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the National Iranian Oil Company (NIOC) is fully repatriating the country's oil money from its buyers.
Speaking on the sidelines of a press conference on Saturday, the official told reporters that Iran fully receives its oil money.

"Only the money transfers from China and South Korea are a little difficult but the cash is ultimately repatriated," the official said.

Speaking on the potential rise in the prices of energy carriers, Zangeneh said, "We are not seeking an increase in the prices."

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Iranian fuel conservation company (IFCO) a subsidiary of National Iranian Oil Company(NIOC) established in 2000 with the mission to regiment the fuel consumption in different sectors through review and survey of the current trend of consumption and executing conservation measures nationwide.

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