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Iranian Bank Freezes National Oil Company's Accounts Again
The latest freeze follows an August action over debts, while an unnamed company official reported salary-payment problems.
Key takeaways
- The Bank of Industry and Mine froze the oil company's accounts for a second time.
- An unnamed company official reported problems with salary payments to employees and pensioners.
Iran's Bank of Industry and Mine has frozen the National Iranian Oil Company's bank accounts for a second time, according to a report by semi-official Fars News Agency. The bank did not disclose a reason for the latest move.
The bank also froze the company's accounts in August over debts, Fars reported. An unnamed company official said the latest freeze has caused problems with salary payments to employees and pensioners. The report gave no details on when the restriction might be lifted.
Topics
National Iranian Oil CompanyBank of Industry and Mine
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
