Minister: Petrochemical Plants, Refineries Offering Hard Currency Earnings on ICE

Date: 25 February 2023 - 22:49

News ID: ۱۱۲۷۸۷

TEHRAN – Iranian Minister of Petroleum Javad Owji said on Saturday that all foreign currency obtained from the export of petrochemical and refining companies will be offered in the Iran Center of Exchange (ICE).
Addressing a special meeting attended by executives of major petrochemical and refining holdings in the Ministry of Petroleum, Javad Owji emphasized the importance of the full implementation of the government’s foreign exchange policies, and stated that all government bodies are obliged to support the new package of the government’s foreign exchange policies and implement them strictly.
Pointing out that a large part of the export currency is actually the currency from petrochemical and petroleum products, he added: “All the hard currency from the export of petrochemical and refining companies will be offered in the ICE.”
The Minister of Petroleum stated: “From now on, these companies and holdings are obliged to supply export earnings in the Central Bank’s currency exchange system, and they are expected to perform well in line with the government’s macro foreign exchange policies.”