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Euro Given Priority Over Dollar in NIOC's Intl. Trade

Director of the International Affairs Department at National Iranian Oil Company (NIOC) Mohsen Qamsari said on Wednesday that due to problems Iran has with the US, dollar is replaced in certain dealings with preferably euro and then other currencies like Japanese yen and the UAE's dirham.

Euro Given Priority Over Dollar in NIOC's Intl. Trade
(Wednesday, August 17, 2016) 10:25

Talking to IOTCO's English news desk, Qamsari said in crude side, local currencies are not used and euro, and then other currencies like Yen or dirham are used.

He said this year gasoline imports will stand less than eight million liters.
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