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Iran to invent new plan of dealing with oil-buying countries

Business Materials 1 March 2013 14:56 (UTC +04:00)

Azerbaijan, Baku, Mar. 1 /Trend S.Isayev, T. Jafarov/

Iran will be working on a plan of dealing with countries that purchase oil from it, IRNA reported.

With international sanctions hammering Iran and reducing its oil revenue flow into the country, the chief of Iran's Central Bank, Mahmoud Bahmani spoke of the efforts to handle the situation.

"There existing problems with some countries," Bahmani said. "Currently, Iran's oil revenues are storaged in those countries we sell oil to."

Bahmani noted that Iran has to adapt to the limits it is facing because of the sanctions, and create a more accomodating foreign trade pattern.

He did give any details on the matter, however one of such adaptations could be Iran purchasing the needed goods from the oil-buying countries from its own oil revenues.

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