USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

137

Iran Won't Sell Oil For the U.S. Dollars

Iran was concerned about the weak state of the greenback and was not being prompted to act by politics

Iran Won't Sell Oil For the U.S. Dollars

Iran is seeking more clients to pay for oil in currencies other than the dollar and 60 percent of its crude income is in other units, an official said yesterday.

Hojjatollah Ghanimifard, international affairs director of state-owned National Iranian Oil Company (NIOC), said almost all of Iran's European clients and some of its Asian customers had accepted making payments in non-dollar currencies.

He said Iran was concerned about the weak state of the greenback and was not being prompted to act by politics.

"To the best of my knowledge, what we are doing at NIOC is purely something based on commercial reasons," he said.

Ghanimifard had said in December that about 57 percent of Iran's income from crude exports was in euros.

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