Iran’s Main Oil Company Owes $34-billion to the Banking System

By Pooya Stone In its May 25 report, the research center of the Iranian Parliament (Majlis) announced that the National Iranian Oil Company (NIOC) owes $34 billion to the country’s banking system including the Central Bank of Iran (CBI). The research center in the report titled “Energy Commission, Duties, Allowances, and Suggesting Priorities,” stated, “In … Continue reading Iran’s Main Oil Company Owes $34-billion to the Banking System