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India makes oil payment to Iran after 5 mths

India has made its first payment in more than five months for crude oil its buys from Iran when a $100 million wire-transfer by Mangalore Refinery and Petrochemicals Ltd was received by Tehran via......

India to pay for Iran oil in rupees

With the UAE refusing to route its payments for Iranian crude oil, India has decided to pay its second-largest oil supplier in rupee."Finance Ministry is preparing a note for the Cabinet for......

India may use Dubai or Turkey for payments to Iran

After Germany's refusal to route its payments to Iran, India is exploring using Dubai or Turkey based banks as conduit for paying for crude oil it imports from the Gulf nation."We are exploring if......

India looks at other banks for oil payment to Iran

Jolted by Germany's refusal to route its payments to Iran, India is exploring using Dubai or Turkey based banks as conduit for paying for crude oil it imports from the Persian Gulf nation."We are......

Payments to Iran for crude oil imports resume

More than three months after RBI scrapped a long-standing payment mechanism used to pay for Iranian crude imports, India has resumed payments to the nation's second largest oil supplier using an......

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