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OIL PAYMENTS NEWS

India to pay Iran $6.4 billion for oil dues via European banks

May 06, 2016 3:09 pm

Iran was India's second-biggest oil supplier before the sanctions hampered its trade relations. The country is set to import at least 400,000 barrels per day of Iranian oil in the year from April 1.

US-Iran thaw over Iraq clears way for New Delhi to start making oil payments to Tehran

June 19, 2014 9:51 am

Indian refiners were settling 45 per cent of Iran payments in rupees which Tehran used for importing humanitarian goods from India.

Iran sanctions on way,Govt asks AG how do we pay for oil imports

June 02, 2012 10:06 pm

Provisional figures for crude oil imports from Iran for 2011-12 are estimated to be 18 million metric tonnes.

Rupee up,but oil payments watched

March 26, 2012 10:18 am

The Indian rupee is likely to nudge higher on Monday,drawing support from a firmer euro.

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