Dollar curbs, tough marketing crimp Iran oil deals - traders

Dollar curbs, tough marketing crimp Iran oil deals - traders
 

Nine months after sanctions on Iran were lifted, some of the world's biggest traders have yet to strike major oil deals with the OPEC member, stymied by Tehran's tough stance on marketing its crude and restrictions on dollar trades.
Top executives from Vitol, Glencore, Trafigura and Gunvor told the Reuters Commodities Summit this week that while they are keen for a slice of the business, hurdles remain.
"It's still very difficult," Ian Taylor, chief executive of commodity trading house Vitol, said.
He cited the lack of a usable dollar system to conduct transactions with the... read more

 
13 October 2016 in Business, Views: 41
Source: Reuters
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