Middle East Economic Survey

VOL. LIV

No 35

29-Aug-2011

IRAN

NIOC Says India To Complete Debt Payment By End Of August

Mohsen Qamsari, Director for International Affairs at the National Iranian Oil Company (NIOC), said on 20 August that all four Indian refiners that owe money to NIOC for supplied oil are paying off their debts. Following the agreement to channel payments via Turkeys Halk Bank (MEES, 22 August), more than $2bn has so far been paid to Iran, Mr Qamsari said. He added that the...