India to pay another $700 million to Iran on October 12
The dues to Iran on crude oil that refiners buy have accumulated as western sanctions blocked payment routes since 2013./ NEW DELHI: India on October 12 will pay another USD 700 million to to clear part of past oil dues, the second payment since the nation reached a historic nuclear deal with western powers. Essar Oil, Mangalore Refinery and Petrochemicals Ltd (MRPL), Indian Oil Corp (IOC) and Corp (HPCL) had on September 30 paid the first tranche of USD 700 million to clear a chunk of the USD 6.5 billion they owe to Iran for past oil ...
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