2:29 pm - Friday May 18, 2012

Iran-China oil trade runs smoothly – Beijing sources

Iran’s oil trade with China, its biggest crude buyer, has not suffered the problems hampering its exports to India, Beijing-based oil industry officials said on Monday.

Chinese companies first started paying in euros for their Iranian crude in 2006 and have also considered payment in yuan, the sources said. There have been no problems with payments, they said.

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