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| NIOC official: No problem with oil exports to India |
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 Tehran, IRNA – There is no problem with crude oil sales to India except cash transfer limitations, which is hoped to be solved soon through necessary arrangements, said an Iranian Oil Ministry official here on Tuesday.Talking to IRNA, Director of the International Affairs Department at the National Iranian Oil Company, Mohsen Ghamsari, said presently 400,000 barrels of crude oil are sold to India daily, that is not a high figure compared to the country’s overall oil exports. Asked whether crude will be sold for gold rather than foreign exchanges, Ghamsari said any decision to change payment methods rests with the Central Bank of Iran and the Bank will choose the one that best benefits the coutnry. Iran’s crude export to China is slightly less than that being exported to India and it should be borne in mind that producers are looking for capturing both countries’ markets, said Ghamsari, adding that India and China are in fact the driving force of the crude oil market worldwide. He said many producers have established refineries in the two countries to increase their exports and guarantee long-term sales. “So we should allocate a larger portion of our exports to the two countries, while preserving the Asian and European markets,” said the official.   Socialize this Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader
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