The Iranian government requires to make payments for purchased oil and gas in Euro and not to use American currency. This requirement was included in new contracts with French Total, Spanish Cepsa and the Russian «LUKOIL».
Reuters news Agency reported that the national Iranian oil company (NIOC) asked the partners to make payments in euros based on the exchange rate of the currency to the US dollar.
In addition, Iran had demanded India to return the favor for oil in euros and not in dollars. Debt is 6.5 billion dollars.
Iranian sources claim that the decision was political and is connected with a hostile attitude to USA.
It also became known that Iran plans to build in Spain refinery in port Algeciras. The cost of the project is 1.8 billion euros.