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Turkish bank unable to process India payments for Iran oil
Turkey's state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month, a senior Halkbank......
India to pay Iran $900 mn in oil dues
India will pay Iran $900 million in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation. This payment will be on top of $1.65......
India to clear $1.65 bln backlog of oil payment to Iran
India will pay Iran $1.65 billion through the UAE central bank to clear over 40 per cent of the backlog payments for oil imports. Since February 2013......
India waits for Iran to open oil payments route, says RBI
India is waiting for Iran to tell it how to make payments for oil allowed under last month's deal with global powers on sanctions and will pay in installments, Reserve Bank of India Deputy Governor......
Iran offers discounts on oil, free shipping to India
Iran has offered discounts on crude oil price and free shipping if India agrees to buy more of its oil. India has indicated that it may not meet the 11 million tonne oil import target from Iran......
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