Middle East Economic Survey
VOL. LIV
No 14
1-Apr-2011
IRAN
Iran and India Finalize Oil Supply Payment Process
Indias Oil Secretary S Sundareshan told a press conference in New Delhi on 28 March that the central banks of India and Iran have finalized an agreement on a new mechanism that will channel payments from Indian oil importers via Germanys central bank and the Iranian controlled Europäisch-Iranische Handelsbank (EIH). Germanys Foreign Ministry and Ministry of Finance have already...
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