Iran Ex­pects Oil Ex­emp­tion To Be Ex­tended by U.S.

Iran News - - FRONT PAGE -

TEHRAN - Iran’s deputy for­eign min­is­ter for eco­nomic diplo­macy pre­dicted that Iran’s oil ex­port ex­emp­tion by U.S. would be ex­tended.

“My as­sess­ment is that the re­quest of all coun­tries that have re­ceived ex­emp­tions will cer­tainly not be re­jected in the sec­ond time,” Iran’s deputy for­eign min­is­ter for eco­nomic diplo­macy Gho­lam­reza An­sari said.

Wash­ing­ton gave a six-month waiver to eight coun­tries, in­clud­ing In­dia, al­low­ing them to im­port Ira­nian oil.

An­sari high­lighted the agree­ments be­tween Tehran and New Delhi in the three fields, in­clud­ing oil, money and bank­ing, and the Chabahar port, not­ing that Iran and In­dia are two com­ple­men­tary economies.

“One of the is­sues to be clar­i­fied be­tween Iran and In­dia is the bank­ing is­sue,” he said. “A few weeks ago, an agree­ment was signed be­tween the Cen­tral Bank of Iran and the Min­istry of Fi­nance of In­dia, which is an in­struc­tion for how to use Iran’s funds in In­dia.”

The deputy min­is­ter said that this agree­ment al­lows Iran to use its re­sources in In­dia in very di­verse ar­eas, in­clud­ing in the fields of in­vest­ment, se­cu­ri­ties and stocks in In­dia, which is among the most trusted stocks in the world.

An­sari went on to men­tion two very se­ri­ous and good pro­grams be­tween the two coun­tries. “Iran con­sid­ers to spend 50 per­cent of its oil rev­enues to pur­chase In­dian prod­ucts or prod­ucts avail­able in In­dia,” said An­sari. “For the other 50 per­cent, In­di­ans have de­clared that they will trans­fer money through any bank­ing sys­tem which Iran in­tro­duces.”

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