ID :
201153
Sun, 08/14/2011 - 12:30
Auther :
Shortlink :
https://oananews.org//node/201153
The shortlink copeid
Iran Confirms Payment of Part of Oil Depts by India
TEHRAN (FNA)- A senior Iranian banking official confirmed that India has paid 40% of its multi-billion oil debts to Iran.
Deputy Governor of Central Bank of Iran for Foreign Exchanges Kamal Seyed Ali said on Saturday that India paid two fifth of its arrears to Iran.
He derided the US officials for attempts to boycott Central Bank of Iran and said that the attempt has made in contravention with the international law.
He told reporters that Iran has taken precautionary measures to thwart the US hostile attempt to impose sanctions on the Central Bank of Iran.
Iran halted oil supplies to India on August 1 due to continued overdue payments.
Since December, India and Iran have been struggling to find ways for New Delhi to pay for imports of 400,000 barrels per day, 12 percent of its oil demand, after the Reserve Bank of India halted a clearing mechanism under US pressure.
Earlier reports said that Indian refiners such as Mangalore Refinery and Petrochemicals (MRPL) have opened rupee accounts in the New Delhi branch of Union Bank of India, which will route euro payments to state-owned Turkiye Halk Bankasi (Halkbank) in Istanbul.
Halkbank will then transfer that money to the account of NIOC, sources involved in the process said.
Meantime, Press Trust of India yesterday quoted Indian Finance Minister Pranab Mukherjee as saying that India is making regular payment for Iran crude oil.
Deputy Governor of Central Bank of Iran for Foreign Exchanges Kamal Seyed Ali said on Saturday that India paid two fifth of its arrears to Iran.
He derided the US officials for attempts to boycott Central Bank of Iran and said that the attempt has made in contravention with the international law.
He told reporters that Iran has taken precautionary measures to thwart the US hostile attempt to impose sanctions on the Central Bank of Iran.
Iran halted oil supplies to India on August 1 due to continued overdue payments.
Since December, India and Iran have been struggling to find ways for New Delhi to pay for imports of 400,000 barrels per day, 12 percent of its oil demand, after the Reserve Bank of India halted a clearing mechanism under US pressure.
Earlier reports said that Indian refiners such as Mangalore Refinery and Petrochemicals (MRPL) have opened rupee accounts in the New Delhi branch of Union Bank of India, which will route euro payments to state-owned Turkiye Halk Bankasi (Halkbank) in Istanbul.
Halkbank will then transfer that money to the account of NIOC, sources involved in the process said.
Meantime, Press Trust of India yesterday quoted Indian Finance Minister Pranab Mukherjee as saying that India is making regular payment for Iran crude oil.
