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Total 31 results found. Search for [ payment mechanism for Iranian oil ]

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BusinessToday.In
New Delhi, December 6, 2018
State-owned UCO Bank is expected to announce the payment mechanism in the next 10 days.


BusinessToday.In
New Delhi, December 6, 2018
State-owned UCO Bank is expected to announce the payment mechanism in the next 10 days.


PTI
November 1, 2018



PTI
October 18, 2018



PTI
October 15, 2018



Mail Today Bureau
New Delhi, October 9, 2018
Washington said on Friday it was considering waivers for nations that were reducing imports of Iranian oil. The announcement is the first indication that Washington is considering such waivers.


PTI
October 8, 2018



PTI
October 5, 2018
Top industry sources said Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have contracted 1.25 million tonnes of Iranian oil for import in November, the month when the US sanctions against Iran's oil sector kick-in.


PTI
September 20, 2018
Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.


Reuters
June 15, 2018
The move by the state-controlled bank, India's biggest, comes after U.S. President Donald Trump pulled out of an international nuclear deal with Iran last month, pledging to reimpose tough sanctions within 180 days.


PTI
New Delhi, February 17, 2018
Other pacts included ratification of extradition treaty, exemption from visa requirement for holders of diplomatic passports, traditional systems of medicine and establishment of an expert group on trade remedy measures.


Reuters
New Delhi, April 1, 2017
India, Iran's biggest oil buyer after China, was among a handful of countries that continued to deal with the Persian Gulf nation despite Western sanctions over Tehran's nuclear programme.


PTI
New Delhi, May 11, 2016
Iran had in November 2013 offered free delivery of crude oil to Indian refiners as tough Western sanctions crippled its exports. With shipping lines refusing to transport Iranian crude for fear of being sanctioned, Iran used its shipping line for the delivery and did not charge for transportation.


Nidhi Verma
February 6, 2016
A source at state-owned National Iranian Oil Co (NIOC) said Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia's Lukoil.


PTI
New Delhi, October 13, 2015
This is the second payment by Indian refiners this year ahead of easing of international sanctions against the Persian Gulf country.


PTI
New Delhi, September 14, 2015
\"The Reserve Bank of India will make payments of $6.5 billion in past oil dues to Iran in a calibrated manner so that there is no pressure on exchange rate,\" a senior finance ministry official said on Monday.


Nidhi Verma
New Delhi, July 9, 2014
Mangalore Refinery and Petrochemicals, Essar Oil, Indian Oil Corp, Hindustan Petroleum Corp and HPCL-Mittal Energy together owed about $4.6 billion to National Iranian Oil Co as of May 31.


Reuters
November 26, 2013
The removal of the EU restrictions on insurance opens the door for Indian refiners to increase imports to contract levels without breaching sanctions that remain in place limiting Iran's overall exports to around 1 million barrels per day.


PTI
New Delhi, September 13, 2013
Iran had in July agreed to take payments for oil it sells to India entirely in rupees. However, it reverted soon after to the old system of taking only 45 per cent of the payments due in rupees.


Anilesh S. Mahajan
September 18, 2013
Iran gives 90 days credit to Indian oil companies and its crude is cheaper than that from Saudi Arabia and Iraq. It also accepts some payments in Indian currency.


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