Iran says oil intermediaries owe billions amid sanctions pressure
Iran says a network of oil intermediaries handling past oil sales owes the government between 10 billion euros and 11 billion euros, in a dispute that has drawn fresh attention to the country's sanctions-hit energy finances. The claim was set out by a spokesperson for the judiciary in September and is now being linked by officials and analysts to the strain on Tehran's oil revenue collection. The debt is described as equivalent to about half of the oil revenue projected in Iran's budget for the current fiscal year.The intermediaries are part of a system Iran developed in 2012 after American... [Continue Reading]
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