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He says he is thinking of accepting oil payments for the use of his side alone.
Brazil has shown interest in collaborating in non-dollar oil payments, along with India.
Since then, the government has tightened its rules for oil payments.
But once many of those contracts expire in late March, the in-kind oil payments should start in greater amounts.
Russia now accepts yuan for oil payments (something that other oil exporters, such as Saudi Arabia, don't do).
The Saudis are dragging their feet on a Pakistani request for $5.9 billion-worth of finance in the form of deferred oil payments.
Similar(42)
But some government officials, civilian and military, have cited the conflict in Colombia as a justification for continuing the oil payment.
Mark J. MacDougall, a defense lawyer for Mr. Giffen, said the oil company payments were not under-the-table bribes but payments openly negotiated in contracts related to concessions in the rich offshore Caspian region.
Nonsense: the dispute over the pound is just a taster of the bitter rows that would follow involving the division of North Sea oil, pension payments and much else.
The fighting had prompted Sudan to say it was pulling out of African Union-brokered talks, which were due to tackle issues that included oil export payments, delineation of the border and the respective status of each other's citizens.
The West escalated the economic war another notch on Wednesday, imposing a new set of restrictions intended to force Iran into what amounts to a form of barter trade for oil, because payments for oil deliveries can no longer be sent to accounts inside Iran.
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CEO of Professional Science Editing for Scientists @ prosciediting.com