Middle East Economic Survey

VOL. LIV

No 45

7-Nov-2011

IRAN

NIOC Claims Rerouting Of Indian Oil Payments Through Gazprombank

The Director of International Affairs at the National Iranian Oil Company (NIOC), Mohsen Qamsari, told a press conference on 28 October that part of the outstanding $5bn debt India incurred for oil supplies has been paid through Russias Gazprombank. Sources close to the Moscow-based bank told MEES that they are not in a position to confirm the Iranian claims. Mr Qamsari...