Iran prefers euro for oil exports: official

Iran prefers to receive euro for its oil exports, an official in the National Iranian Oil Comany (NIOC), said Saturday.

"Our priority is to receive cash for oil payments in euro" following the removal of sanctions on oil exports and lifting the ban on Iran's banking transactions, Safar-Ali Karamati told Iran's Petro Energy Information Network (Shana).

"European customers have no problem to pay for crude oil deals in euro," however,"It depends on the mutual agreement. But Iran would prefer euro,"Karamati was quoted as saying.

In the past, Iranian officials voiced interests for the use of national currencies, instead of U.S. dollars, in its transactions with its trade partners, berating the United States for exerting economic and financial pressures on the country over its nuclear program. Enditem