Bank Mellat of Iran took initiative to open accounts with the European banks in order to collect overdue payments of the National Iranian Oil Company (NIOC) worth 1.2 billion euros.
It has also opened other accounts with foreign agent banks in Europe and Asia in a bid to facilitate receipt of the funds belonging to concerned Iranian parties, Shana reported.
Since removal of sanctions on January 16 under the nuclear Joint Comprehensive Plan of Action (JCPOA), Bank Mellat has been establishing connections and opening accounts with foreign banks and in the past few days opened LCs in this regard.
Shana stands for its Persian acronym ‘Petroenergy Information Network’
