$7.8 Billion Iran Oil Money Stranded

Date: 13 March 2015 - 21:31

News ID: ۱۲۰۱۴

TEHRAN (Press TV) -- Iran has not received yet $7.8 billion in revenues from the sale of its crude oil in recent months, Government spokesman Muhammad Baqer Nobakht said without explanation.
Iran’s oil customers are mainly China, India, Japan, South Korea and Turkey but U.S. and European sanctions are preventing international banks from transferring money to the Islamic Republic. Nobakht said oil revenues in the past 12 months had totaled $52.8 billion at the official rate of the U.S. dollar.