Iran yet to receive $7.8 billion for oil sales: Press TV

March 13, 2015 2:39 PM

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Iran yet to receive $7.8 billion for oil sales: Press TV

DUBAI (Reuters) - Iran has yet to receive $7.8 billion for crude oil sales made in recent months, government spokesman Mohammad Baqer Nobakht was quoted as saying, as Western sanctions keep Tehran shut out of the global banking system.

Iran's state-run Press TV said Nobakht gave no reason for payment delays, but reported that Tehran's oil customers were mainly China, India, Japan, South Korea and Turkey and that "U.S. and European sanctions are preventing international banks from transferring money to the Islamic Republic."

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