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Iranian Oil Ministry commissions ex-diplomat to collect international dues

Oil&Gas Materials 16 January 2013 17:42 (UTC +04:00)

Azerbaijan, Baku, Jan. 16 / Trend, F. Mehdi/

The Iranian Oil Ministry has tasked Hossein Farahi, a former diplomat, with an international mission to collect dues from other countries, the Mehr News agency quoted Oil Ministry's spokesman Alireza Nikzad a saying.

Farahi served as the financial manager of the Foreign Affairs Ministry of Iran.

Some countries, including Sudan, Nicaragua, Jordan, and North Korea have outstanding debts to Iran which predate the Islamic Revolution. Iran exported $53 million worth of oil to Nicaragua in 1986, valued at $164 million considering the delay in payment.

On January 8, Nikzad Rahbar slammed reports that Iran has experienced a 40% drop in oil exports.

He has also denied the 45% drop in oil revenues, something that previously the spokesman of Iran's parliamentary budget commission Gholam-Reza Kateb said.

Kateb earlier said, in reference to the Iranian Oil Minister Rostam Qasemi, that the Islamic Republic is facing both a 40% drop in oil exports, and 45% drop in oil revenues.

Iran's oil export reportedly has dropped significantly after western sanctions on Iran's oil expot.

The EU, which bought 18% of Iran's exported oil in 2011, halted its purchases of crude oil from Iran.

China, Japan, South Korea, India and Turkey are Iran's major oil importers have decreased their Iranian crude oil intake from 15% to above 40% during 2012.

According to the IEA report Iran's oil export dropped from 2.2 mbpd in 2011 to around one million barrels in 2012.

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