ID :
206481
Sun, 09/11/2011 - 11:34
Auther :
Shortlink :
https://oananews.org//node/206481
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Official: Iran Continues Supplying Crude to India, China, S. Korea
TEHRAN (FNA)- An Iranian official said that the country's oil exports to India, China and south Korea continue on normal track since the trio are gradually paying their debts and settling their accounts.
"The countries are frequently settling their debt and we sell oil to them after liquidation. The countries' debts were not accumulated and we have received debts completely," Governor of Central Bank of Iran Mahmoud Bahmani said.
"We sell oil to them if they pay back debt, the countries are complying with their commitments," he told the Iranian students news agency.
Iran had 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 then transfers that money to the account of NIOC, sources involved in the process said.
"The countries are frequently settling their debt and we sell oil to them after liquidation. The countries' debts were not accumulated and we have received debts completely," Governor of Central Bank of Iran Mahmoud Bahmani said.
"We sell oil to them if they pay back debt, the countries are complying with their commitments," he told the Iranian students news agency.
Iran had 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 then transfers that money to the account of NIOC, sources involved in the process said.
