“Our top priority is to receive cash and oil demands in euro,” Safar-Ali Karamati told Shana in the wake of removal of sanctions on oil exports and lifting the ban on banking transactions.
Asked whether Iran still prefers its oil payments to be in euros under the new contracts with foreign companies, he replied, “It depends on the mutual agreement. But NIOC would rather euro.”
He said NIOC has several options for receiving payments in reliable foreign currencies and added, “Because of their single monetary unit, European customers have no problem to pay for crude oil deals in euro.”
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