1. All Stories
  2. Politics
  3. Economy
  4. World
  5. Nuclear
  6. Society/Culture
  7. Space/Science
  8. Sports
  9. Tourism
  10. Other Media
  11. Videos
  12. Photos
  13. Cartoons
  14. Interview
    • فارسی
    • عربی
    • Türkçe
    • עברית
    • Pусский
  • RSS
  • Telegram
  • Instagram
  • Twitter
  • Facebook
  • All Stories
  • Politics
  • Economy
  • World
  • Nuclear
  • Society/Culture
  • Space/Science
  • Sports
  • Tourism
  • Other Media
  • Videos
  • Photos
  • Cartoons
  • Interview

UAE's ENOC Clears Iran Oil Dues: Report

  • May, 30, 2017 - 12:21
  • Economy news
UAE's ENOC Clears Iran Oil Dues: Report

TEHRAN (Tasnim) – Emirates National Oil Company (ENOC) has paid its outstanding oil dues to Iran, a report said.

Economy

Iran received more than $4bn from ENOC as part of the UAE retailer's settlement of its debts owed to Iran for pre-sanction oil and gas purchases, the Qatar-based Al Jazeera broadcaster reported on Tuesday.

The report added that Iran's Supreme Audit Court, which monitors the Oil Ministry's deposits into the state treasury, confirmed that the Central Bank of Iran had received the total amount of $4,105,219,136 as part of Enoc debts.

Last year Iran's Oil Ministry confirmed that international oil companies (IOCs) had started paying the amounts owed to Iran for pre-sanction oil purchases.

Debtors include the UAE's Enoc, Anglo Dutch energy giant Shell, Greece's Hellenic Petroleum, and Italy's Saras.

The repayment of the debt was facilitated after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized a comprehensive nuclear deal and started implementing it on January 16.

The agreement, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

 
R1355/P42329
tasnim
tasnim
tasnim
  • About
  • Contact Us
  • Most Visited
  • Archive
Follow Us:
  • RSS
  • Telegram
  • Instagram
  • Twitter
  • Facebook

All Content by Tasnim News Agency is licensed under a Creative Commons Attribution 4.0 International License.