Iran denies being paid in African currencies for China oil exports
The Iranian Oil Ministry has denied a report suggesting that it is being paid in African currencies for oil exports to China, saying the claim is just an attempt to undermine Iran’s success in ramping up oil exports in recent months despite the continued pressure of US sanctions.
An unidentified Oil Ministry official told the ILNA news agency on Sunday that Iran has accepted the use of alternative currencies to settle payments related to its oil exports.
However, the official rejected claims Iran had received payments in currencies of Angola, Zambia and Kenya for oil shipments supplied to China.
The source said the claims are part of a campaign of psychological warfare against Iran to undermine the country’s continued success in selling oil despite pressure on the buyers from United States.
A report earlier this week by Oil Price quoted a European Union energy security source as saying that China is using the currencies of Angola, Zambia and Kenya to pay Iran for shipments.
The source claimed China uses those currencies to pay for Iranian oil to induce Iran to buy goods from the three countries so that these countries, in turn, can service their loans to China.
Statements by Iranian government authorities suggest exports of oil from the country have nearly doubled since August 2021 when a new administration took office in Tehran.
Reports by international tanker tracking services also confirm there has been a major surge in Iranian oil exports to China in recent months.
Iran-Africa path toward a shared future
Expo 2024: Iran’s door to international markets
Iran says IsDB approved its proposal for preferential financing
UNRWA chief: Israel continues to deny humanitarian access to UN in Gaza
VIDEO | Iraqi Lawmakers call for expulsion of US ambassador from country
VIDEO | Al-Qassam rocket strike kills, wounds over dozen Israeli soldiers
OIC denounces Israeli genocide in Gaza, urges sanctions against regime
VIDEO | Gaza ceasefire talks
VIDEO | Press TV's news headlines
VIDEO | How Iran shook Israel
VIDEO | Hezbollah's Strikes
This makes it easy to access the Press TV website
