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Iran And Europe Are Getting Cozy...Dollar Shunned, Euro Embraced

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It was a busy weekend in Iran's oil sector.

Iran wants to bill new oil sales in euros, Reuters exclusively reported over the weekend, as it seeks to cut its reliance on the US dollar following sanctions relief last month. Iran also seeking to recover tens of billions of dollars it is owed by India and other buyers of its crude in euros. On Sunday, Iran's Press TV reported that Iran has asked India to pay its past oil dues (more than 6 billion euros) within 6 months.

http://oilpro.com/post/22156/iran-and-europe-getting-cozydollar-shunned-euro-embraced?utm_source=DailyNewsletter&utm_medium=email&utm_campaign=newsletter&utm_term=2016-02-08&utm_content=Article_9_txt

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