MNA South Korean diplomatic sources said Monday the Iranian foreign ministry summoned the country's Ambassador to Tehran Ryu Jeong-hyun in November and lodged a complaint over Seoul's delayed payment for crude oil and condensate oil worth 7 trillion won ($5.97 billion). Seoul has been purchasing oil from Tehran in Korean currency, as part of efforts ...

Bloomberg - Irans Foreign Ministry called in the South Korean ambassador last month to demand payment of 7 trillion won ($6 billion) for oil it sold to the Asian country, Chosun Ilbo reported, citing officials it didnt identify. Iran expressed strong regret over Seouls failure to complete the payment, which has been deposited at two South Korean ...

Press TV - Sri Lanka says it is considering a plan to settle payments to Iran for previous oil purchases by exporting tea to the country at equivalent values. The announcement was made by the Sri Lanka Tea Board which said a total of $250 million that the countrys Ceylon Petroleum Corporation (CPC) owed Iran could offset payment for a year of ...

Press TV- Indian officials have been quoted by media as saying that the country will not be able to use European banks for making oil payments to Iran from November. The Economic Times of India quoted officials as saying that the problem would be a result of the sanctions that the administration of US President Donald Trump would impose against ...

[caption id="attachment_130909" align="alignright" width="154"] A street side restaurant owner holds a bundle of rupee notes as he sits outside his restaurant in New Delhi November 22, 2013.[/caption] Reuters Market Eye - The rupee fell to as low as 62.13 on Thursday, its lowest since March 4. The the Indian unit was last trading at 62.1150/1200 versus ...

[caption id="attachment_103390" align="alignright" width="265"] An Iranian oil tanker (file photo)[/caption] India has cleared USD 550 million of oil payments to Iran under an interim nuclear deal between Tehran and the P5+1 which allows the release of over four billion dollars of blocked Iranian funds globally. Indian industry and government sources ...

NEW DELHI, June 18 (Reuters) - India plans to clear some pending oil payments to Iran through the United Arab Emirates central bank, three sources with knowledge of the matter said, under a new payment system that would allow Washington to track the flow of funds closely. The payment of $1.65 billion under the revised mechanism includes a step in ...

(Reuters) - Japan made two more payments to Iran for crude imports that were scheduled under an interim nuclear deal, two sources with knowledge of the transactions said, in return for Tehran's moves to reign in its disputed nuclear programme. Iran's central bank had received the payments from Japan, one source said. A second source confirmed Japan ...

A senior Iranian official says Tehran prefers to receive payments for crude oil exports to India in euros rather than in rupees following the easing of sanctions against Iran as a result of the Geneva nuclear deal. The Indians are interested in increasing oil imports from Iran and we welcome this matter in the event that it would be possible for us ...

Jan 27 (Reuters) - Turkey's state-owned Halkbank is expected to continue processing payments for Iranian oil imports toTurkey, U.S. Treasury Undersecretary David Cohen said on Monday. "Halkbank has for some time been involved in handling oil payments for importing oil fromIranintoTurkeyand we expect that to continue," David Cohen, Undersecretary for ...