Iran, China sign goods-for-oil trade agreement

Iran, China sign goods-for-oil trade agreement

Iran and China have agreed on a new arrangement for crude oil payments under which Beijing will reimburse part of the money owed to Tehran in cash, a leading Iranian trader said on Monday.

 

 
Iran receives goods, services as payment for 65% of oil it sells to China, which pays cash for remaining 35%, Asadullah Asgarolladi, head of Iran-China joint chamber of commerce said.
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