Indian officials say the country is preparing to clear $6.5 billion of dues it owes to Iran for oil import in tranches. Indias Finance Secretary Rajiv Mehrishi has been quoted by the media in New Delhi as saying that the first installment could be provided to Iran in a week. "What is due to them, must be paid to them. It will not be one single ...

The Indian government has asked the countrys refiners to prepare $1.4 billion for payment to Iran in an outstanding oil debt, media reports from New Delhi say. Indian refiners owe Iran $6.5 in total for the oil bought from the Middle Eastern country which plans to repatriate its money frozen in foreign accounts after last months conclusion of nuclear ...