Middle East Economic Survey
VOL. LIV
No 1-2
3/10-Jan-2011
IRAN
Iran and India Agree Temporary Measures To Pay For Oil Supplies
Indias Petroleum Secretary S Sundareshan told Indian newspaper Mail Today on 5 January that the recent decision of Indias Reserve Bank to stop clearing its transactions through the Tehran-based Asian Clearing Union (ACU) has not affected the oil trade between the two countries. Mr Sundareshan was quoted as saying that: There has been no disruption in supply since RBI...
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