Oil sale proceeds deposits overseen by CBI, minister says

SHANA (Tehran) – Oil minister said the mechanism for depositing proceeds from oil sales is overseen, monitored and controlled by the Central Bank of Iran, stressing that the Oil Ministry has no role in banking operations related to those funds.

Oil minister:

Snapback mechanism won’t create new restrictions on oil sales

SHANA (Tehran) – Iran’s oil minister said Wednesday that the snapback mechanism would not create new obstacles to crude oil sales, stressing that the government has plans in place should challenges arise.

NIOC says oil sales continue through diverse methods

SHANA (Tehran) – Iran continues to sell and export oil through a range of methods in line with national policies, the managing director of the National Iranian Oil Company said, rejecting speculation about changes in the country’s sales strategy.