Code: 81969860 (5182925) | Date: 18/02/2016 | Time: 20:17|
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Iran starts collecting overdue oil payments: Official

Tehran, Feb 18, IRNA – An official in the Ministry of Petroleum in charge of collection of oil payments in arrears said that Iran started receiving the outstanding sums from foreign companies last week and that the ministry is set to embark on selling confiscated assets of the domestic debtor who owns billions of dollars to the ministry.

“Following the arrangements made prior to withdrawal of sanctions, some reputable oil companies had announced readiness to reimburse their unsettled payments immediately after sanctions were lifted. The European debtors started their payments following opening of bank accounts,” Asqar Hendi told Shana.
He said that collection of the arrears started with small-scale debtors last week while some of them applied for arrangements which are being negotiated.
Confirming that Royal-Dutch Shell and other European companies have started payment of their debts, Hendi added that Emirates National Oil Company (ENOC) which has to pay back to the Central Bank of Iran has taken due measures.
The official replied positively when asked that if the major domestic debtors, Babak Zanjani, returns the Petroleum Ministry’s demands, his confiscated assets will be not be sold.
“Of course, it remains to be seen how much he will return,” he added, “Every transfer is being supervised by the Judiciary Power.'

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