india resolves payment dispute with iran
Last Updated : GMT 08:31:41
Arab Today, arab today
Arab Today, arab today

India resolves payment dispute with Iran

Arab Today, arab today

Arab Today, arab today India resolves payment dispute with Iran

Tehran - Arabstoday

Iran\'s oil payments row with India has been resolved before any interruption in crude exports to its second-biggest customer, the Iranian Oil Ministry\'s website Shana said yesterday. After a successful test payment in euros through Turkey\'s Halkbank, Indian refiners are expected to clear over $5 billion (Dh18.35 billion) of debts built up with Iran during a lengthy US-inspired payment impasse. \"After intensive talks between India and Iran, both sides agreed to clear the debt promptly,\" Ahmad Galebani, head of the National Iranian Oil Co (NIOC), told Shana. \"In the coming days part of India\'s oil debt will be cleared and the rest will be gradually settled.\" Article continues below There is no ban under US or UN sanctions aimed at Iran\'s disputed nuclear programme on buying Iranian crude, but they have hindered international bank payments to Tehran. India and Iran have been looking for ways for New Delhi to pay for some 400,000 barrels per day of Iranian crude, or 12 per cent of India\'s oil demand, since the Reserve Bank of India halted a clearing mechanism under US pressure last December. Executives at Indian refineries said in late July they had still not received any crude oil supply notices for August after Iran told them it would stop shipments over the ballooning debt. Rival top exporter Saudi Arabia has moved to sell millions of extra barrels to India next month to fill the expected void in India\'s crude supply. But Mohsen Gamsari, head of international affairs at state-run NIOC, told Shana there had been no cuts in Iranian crude exports to India and no plans to make any. \"With the start of the international banks working hours on Monday, the amounts deposited by Indians in the designated accounts will be known,\" Gamsari was quoted as saying by Shana.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india resolves payment dispute with iran india resolves payment dispute with iran

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india resolves payment dispute with iran india resolves payment dispute with iran

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday