Report: Iran says India paid all $5 b. of oil debts

By REUTERS
September 4, 2011 10:59

TEHRAN - India has paid off all oil debts accumulated this year due to a sanctions-related problem, Central Bank Governor Mahmoud Bahmani told the official IRNA news agency on Sunday.

"Although all the $5 billion of India's oil debt has been cleared, because of selling oil again Iran will always be a creditor of that country," Bahmani said, adding the payment was received in cash and not in kind through a bartering system.


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