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Iran eyes oil for goods barter plan to fight sanctions

Tehran - An Iranian lawmaker says the Islamic Republic is considering a plan to purchase goods only from countries that buy its oil.

Tehran - An Iranian lawmaker says the Islamic Republic is considering a plan to purchase goods only from countries that buy its oil. MP Assadollah Qarehkhani was quoted by media as saying that a special committee had been formed in the Parliament that would deal with bartering oil with goods, adding that this was meant to help Iran overcome the impacts of upcoming US sanctions. “The formation of this committee means that we will make purchases of goods conditional to purchases of Iran’s crude oil and this would limit the impacts of reductions in Iran’s oil exports [once the sanctions return],” added Qarehkhani who is the spokesman of the Energy Committee of the Iranian Parliament. (read more )

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