Iran Economy NewsIran oil supply stable, payment talks ongoing: India

Iran oil supply stable, payment talks ongoing: India

-

Reuters: India continues to receive normal shipments of oil from Iran and discussions between the two countries are ongoing over how India will pay for its crude imports, the country’s oil minister said on Sunday.

KUWAIT, April 17 (Reuters) – India continues to receive normal shipments of oil from Iran and discussions between the two countries are ongoing over how India will pay for its crude imports, the country’s oil minister said on Sunday.

India has been searching for a permanent method to make payments to Iran for crude oil imports since its central bank scrapped a clearinghouse system in December.

“Iran has kindly continued shipments of oil and we’re looking at ways for the payments … we are looking at options now,” said Petroleum and Natural Gas Minister S. Jaipal Reddy.

India stopped making the payments earlier this month via a Hamburg-based bank handling international trade for Iranian companies.

The use of the German bank had drawn strong disapproval from the United States, which suspects Iran is using its oil money to fund a nuclear weapons program.

Iran says its nuclear program is intended for peaceful purposes.

Washington had praised the Indian central bank’s move, which came little more than a month after U.S. President Barrack Obama visited India.

Asked whether India may make its payments to Iran through banks in Turkey or the United Arab Emirates, Reddy said: “we are still in talks about how the payments will be made.”

(Editing by Bernard Orr)

Latest news

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Iran’s Regime Is Unable To Eradicate Protests

Totalitarian governments, whether be it a monarchy or a clerical regime, and their international supporters are pursuing the same...

Must read

Special Report: Iran meddling in Iraq elections, al-Anbar – 1

Iran Focus: Baghdad, Dec. 16 – Iran was accused...

Jordan tells Iran of concern over Hamas support

Reuters: Jordan's King Abdullah on Wednesday told Iran's Foreign...

You might also likeRELATED
Recommended to you