TEHRAN, Iran, Jan. 3
Trend:
Member of the Union of Exporters of Petroleum, Gas and Petrochemical Products of Iran Hamid Hosseini said due to the rise in domestic consumption and intensification of smuggling, Iran has stopped gasoline export since June, Trend reports citing IRNA.
Referring to the 'oil for goods' deal between Iran and other countries such as Sri Lanka, Hosseini said Iran can receive goods or tea to settle Sri Lankan outstanding oil debt to the Islamic Republic, at a reasonable price.
Iran consumes 700,000 to 800,000 tons of tea annually. Hosseini defended the plans to settle debts for oil imports from Iran by paying it off in goods, such as tea.
Referring to the issue of money transactions amid sanctions, he said the country must find a way to resolve the issues, whether through cryptocurrency or bartering.
He went on to say that Iran has the opportunity to barter 500,000 to 600,000 tons of crude oil per day with goods needed for oil, electricity, and housing projects.