Nicaragua still refuses to pay oil debt to Iran
Tehran, Iran, Dec. 9
By Milad Fashtami - Trend:
Nicaragua Foreign Minister Samuel Santos Lopez said that the issue of the country's oil debt to Iran has been resolved earlier this year.
But Iran's ISNA News Agency reported on Dec. 9 that Nicaragua has not yet paid its debt.
Iran sold $53 million worth of oil to Nicaragua in 1983, but Managua refused to pay Iran for the supplies.
According to ISNA, the value of Nicaragua's debt has now surpassed $164 million.
However, Lopez - who is now in Tehran to study investment opportunities in Iran - said that the debt can be considered as a political loan.
"Iran delivered the oil to us as a loan, at a time when both countries where under foreign aggression," he said.
"Both Iran and Nicaragua were revolutionary countries, so they agreed to cooperate with each other. Therefore, the debt can be considered as a political loan," the minister added.
In 2008, Iran requested several countries including Sudan, Tanzania, Nicaragua, Jordan, and North Korea to pay their oil debts.