BREAKING NEWS

Indian official to visit Iran to discuss oil dues

NEW DELHI - India's top financial bureaucrat will visit Iran this weekend to discuss how to pay its oil import dues, sources said on Wednesday, after Tehran struck a deal with world powers to curb its nuclear program in return for the lifting of sanctions.
Finance secretary Rajiv Mehrishi will lead a delegation to Iran from July 25-27, said three sources with direct knowledge who declined to be named due to the sensitivity of the matter.Indian refiners owe about $6.5 billion to the OPEC member state for oil purchases that they have been unable to settle because international payment channels were blocked by western financial sanctions.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use