http://www.mehrnews.com/en/NewsDetail.aspx?NewsID=416994
Iran replaces dollar with euro in most oil dealings
TEHRAN, Dec. 5 (MNA) - Iran has started replacing dollar with euro in
majority of its crude oil exchanges in the last several months, an informed
source with Iran's Oil Ministry said here on Tuesday.
Oil Ministry has taken the policy to substitute dollar with euro, and
begun to implement it for most of its oil dealings, the source who spoke on the
condition of anonymity told the Mehr News Agency.
"This can maintain the real value of Iranian oil," he added.
The majority of Iran crude's customers are Asian and European states, the
source noted.
Iran is the number two oil producing member of the Organization of the
Petroleum Exporting Countries (OPEC). It also stands second behind Russia in
terms of gas reserves in the world.
