29 Mar 2024
Monday 10 February 2014 - 14:01
Story Code : 82843

Iran to spend oil money on medications

TEHRAN Feb 09 (Shana): An Iranian deputy petroleum minister has said that revenues from Irans crude oil sales are spent on medication and basic commodities.
Ali Majedi, who is deputy minister for international affairs and trading, said the Central Bank of Iran is facilitating transactions and money transfer to that effect.


He said the development is due to the implementation of Irans historic nuclear deal with world powers.

Due to sanctions imposed by the European Union and the United States, buyers of Irans crude oil could not pay Iran in cash.

Based on the Geneva deal, 4.2 billion dollars in oil revenues owned by Iran will be unfrozen.

By SHANA

 

The Iran Project is not responsible for the content of quoted articles
https://theiranproject.com/vdcgw797.ak9xt4j5ra.html
Your Name
Your Email Address