China will pay for Iranian oil derived from partially in cash

Almaty. June 2. Silkroadnews - Tehran and Beijing have agreed on a new payment method, according to which the repayment of the debt for supplied Iranian oil to China will take place in cash, reported IrTAG with reference to the chairman of Iran-China Chamber of Commerce Assadulla Askarouladi.
According to him, in accordance with the reached agreement, now the Chinese side will pay some of the money for oil from Iran in cash or, upon prior instructions from the Iranian side, transfer the funds to a third country, from where then the Islamic republic will import various goods, and finished products.
At the moment, China is the biggest buyer of Iranian oil. Every day Iran ships to Chinese partners more than 440 thousand barrels of oil.