<p dir="LTR"><span>Financial Tribune - Iran has received more than $4 billion from the Emirates National Oil Company (ENOC) as part of the country’s retailer’s settlement of its debts owed to Iran for pre-sanction oil and gas purchases, the Iranian news website Al Alam reported.</span></p> <p dir="LTR"><span>The Supreme Audit Court of Iran, which also monitors the Oil Ministry’s payments to the treasury, said that the Central Bank of Iran had received the $4.1 billion as part of ENOC debts related to the purchase of gas condensate, the website said Sunday, Al-Jazeera reported.</span></p> <p dir="LTR"><span>Last year the Oil Ministry confirmed that international oil companies had started paying their dues for pre-sanction oil purchases.</span></p> <p dir="LTR"><span>Debtors include the UAE’s ENOC, Anglo Dutch energy giant Shell, Greece’s Hellenic Petroleum and Italy’s Saras. Banking restrictions had previously prevented the companies from transferring money to Iran.</span></p> <p dir="LTR"><span>Iran reentered the global economy in January 2016 following years of international sanctions, after the UN announced the country had complied with the terms of a landmark deal in July 2015 aimed at scaling down its nuclear program.</span></p> <p dir="LTR"><span>The agreement signed between Tehran and the six world powers (five permanent members of the UN Security Council plus Germany) facilitated Iran’s access to more than $50 billion in long-frozen assets and freedom to sell oil and trade in the international market.</span></p>