India to make $1.65bn oil payments to Iran in 3 months
An employee refuels a vehicle at a Hindustan Petroleum gas station in New Delhi. Indian refiners owe $3.6bn to National Iranian Oil Co. India is set to pay Iran $1.65bn over the next three months under an interim nuclear deal that eases sanctions on Tehran and gives it access to $4.2bn in blocked funds, four sources with knowledge of the matter said. As long as Tehran complies with the terms of its preliminary agreement with western powers, which took effect on January 20, Iran receives some of its funds frozen abroad in eight payments from ...
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