Middle East Economic Survey


No 19



Irans Problems With Indian Oil Payments Continue

On 29 April the Governor of the Central Bank of Iran Mahmoud Bahmani told Mehr News Agency that Iran has managed to receive only some of the approximately 9bn deposited by Indian oil refiners via Indias central bank in Germanys Europaisch-Iranische Handelsbank AG (EIH MEES 14 February). When Iran sells its oil to a country, he said, it should be able to receive the payments. One of...