Iran will not deliver oil and gas to China by barter

Tehran and Beijing have come to an agreement, pursuant to which China will pay cash for oil and gas purchased in Iran, Iranian news agency Tasnim reports.

In accordance with the signed agreement with China, after the deduction of fees the rest of the amount of oil and gas supplied from Iran will be paid in cash or transferred to a third country as payment for imports of its products to Iran, co-chair of the Iran-China Chamber of Commerce Asadollu Asker Oladi said, Trend reports.