India Payment To Iran
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Iran to Launch its Digital Rial CBDC into Public Pilot Phase
The Central Bank of Iran (CBI) is spearheading the trial phase for the digital rial. The trial will be implemented June 21. For now, this trial will remain limited to the Kish Island.
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Centre To Exempt Rupee Payments For Iran Oil From Hefty Taxes
The finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.
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Rupee Payment Mechanism To Be Used For Oil Import From Iran: Report
State-owned UCO Bank is expected to announce the payment mechanism in the next 10 days, the report said.
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Government Aims To Sign Pact With Iran For Oil Payments In Rupees: Report
India, which got a waiver from the latest tougher US sanctions against Tehran on Monday, used a similar mechanism in the previous round of sanctions but settled only 45 per cent of the payments in rupees.
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Efforts By Nations To Bypass Sanctions Against Iran Counterproductive: US
The US has said efforts by countries to set up special payment system to bypass its sanctions against Iran is counterproductive, comments which came after the European Union, in a major snub to the Trump administration, decided to set up a new mechanism to enable legal trade with Iran, without encountering American sanctions.
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India In Touch With EU Over Alternative Payment For Iran Oil Imports
As the US sanctions on import of Iranian crude oil loom large, India is engaged with the European Union for an alternative channel for making payments to Tehran for buying petroleum products, sources said Wednesday.
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State Bank Of India To Stop Handling Iran Oil Payments: Indian Oil Corp
The move by the State Bank of India (SBI) comes after US President Donald Trump pulled out of an international nuclear deal with Iran last month.
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US Pullout From Iran Deal Sends Rupee To Fresh 15-Month Low Vs US Dollar
The rupee (INR) closed at a fresh 15-month low of 67.26 against the US dollar (USD) on Wednesday after US President Donald Trump pulled the United States out of an international nuclear deal with Iran. On Tuesday, the rupee had closed 5 paise higher at 67.08 against US currency. The US move sparked worries about global oil supplies, pushing global ...
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Indian Oil Raises Oil Import From Iran To 5 Million Tonnes For FY17
Indian Oil Corp, the nation's biggest oil firm, has raised crude oil import from Iran to four fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.
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Essar Oil Makes $500-Million Payment To Iran Via New Channel
Essar Oil has paid $500 million to Iran via a new payment channel opened recently to clear one-fifth of its outstanding.
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Indian Oil, MRPL Make $330 Million Iran Payment Via Germany-Based EIH Bank
Domestic refiners Indian Oil Corporation (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have made a second tranche payment using Germany-based EIH bank to help clear past oil dues to Iran.
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Ahead Of PM Modi's Visit, Indian Refiners Clear Part Of $6.4 Billion Dues To Iran
Ahead of Prime Minister Narendra Modi's maiden visit to Iran, Indian refiners have cleared part of the $6.4 billion owed to the country for crude oil imports in euros. The payments made over the last couple of days are the first euro payments made by India in four years.
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Government Approaches Turkey's Halkbank To Handle Oil Payment To Iran: Report
The government has approached Turkey's Halkbank to facilitate a payment of $6.5 billion to Iran, which it owes for crude oil imports, Iran's Fars news agency quoted India's ambassador to Tehran as saying on Saturday.
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India's MRPL Says Owes About $2.6 Billion In Oil Dues To Iran
India's state-run Mangalore Refinery and Petrochemicals Ltd currently owes about $2.6 billion to Iran and wants to settle the dues as soon as a payment mechanism is worked out, Managing Director H. Kumar said.
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India, Iran Agree To Clear $6.4 Billion In Oil Payments: Pradhan
The central banks of India and Iran have reached an arrangement to use European banks to process pending oil payments to Tehran, India's Oil Minister Dharmendra Pradhan told Reuters, unlocking $6.4 billion in stalled funds.
-
Iran to Launch its Digital Rial CBDC into Public Pilot Phase
The Central Bank of Iran (CBI) is spearheading the trial phase for the digital rial. The trial will be implemented June 21. For now, this trial will remain limited to the Kish Island.
-
Centre To Exempt Rupee Payments For Iran Oil From Hefty Taxes
The finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.
-
Rupee Payment Mechanism To Be Used For Oil Import From Iran: Report
State-owned UCO Bank is expected to announce the payment mechanism in the next 10 days, the report said.
-
Government Aims To Sign Pact With Iran For Oil Payments In Rupees: Report
India, which got a waiver from the latest tougher US sanctions against Tehran on Monday, used a similar mechanism in the previous round of sanctions but settled only 45 per cent of the payments in rupees.
-
Efforts By Nations To Bypass Sanctions Against Iran Counterproductive: US
The US has said efforts by countries to set up special payment system to bypass its sanctions against Iran is counterproductive, comments which came after the European Union, in a major snub to the Trump administration, decided to set up a new mechanism to enable legal trade with Iran, without encountering American sanctions.
-
India In Touch With EU Over Alternative Payment For Iran Oil Imports
As the US sanctions on import of Iranian crude oil loom large, India is engaged with the European Union for an alternative channel for making payments to Tehran for buying petroleum products, sources said Wednesday.
-
State Bank Of India To Stop Handling Iran Oil Payments: Indian Oil Corp
The move by the State Bank of India (SBI) comes after US President Donald Trump pulled out of an international nuclear deal with Iran last month.
-
US Pullout From Iran Deal Sends Rupee To Fresh 15-Month Low Vs US Dollar
The rupee (INR) closed at a fresh 15-month low of 67.26 against the US dollar (USD) on Wednesday after US President Donald Trump pulled the United States out of an international nuclear deal with Iran. On Tuesday, the rupee had closed 5 paise higher at 67.08 against US currency. The US move sparked worries about global oil supplies, pushing global ...
-
Indian Oil Raises Oil Import From Iran To 5 Million Tonnes For FY17
Indian Oil Corp, the nation's biggest oil firm, has raised crude oil import from Iran to four fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.
-
Essar Oil Makes $500-Million Payment To Iran Via New Channel
Essar Oil has paid $500 million to Iran via a new payment channel opened recently to clear one-fifth of its outstanding.
-
Indian Oil, MRPL Make $330 Million Iran Payment Via Germany-Based EIH Bank
Domestic refiners Indian Oil Corporation (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have made a second tranche payment using Germany-based EIH bank to help clear past oil dues to Iran.
-
Ahead Of PM Modi's Visit, Indian Refiners Clear Part Of $6.4 Billion Dues To Iran
Ahead of Prime Minister Narendra Modi's maiden visit to Iran, Indian refiners have cleared part of the $6.4 billion owed to the country for crude oil imports in euros. The payments made over the last couple of days are the first euro payments made by India in four years.
-
Government Approaches Turkey's Halkbank To Handle Oil Payment To Iran: Report
The government has approached Turkey's Halkbank to facilitate a payment of $6.5 billion to Iran, which it owes for crude oil imports, Iran's Fars news agency quoted India's ambassador to Tehran as saying on Saturday.
-
India's MRPL Says Owes About $2.6 Billion In Oil Dues To Iran
India's state-run Mangalore Refinery and Petrochemicals Ltd currently owes about $2.6 billion to Iran and wants to settle the dues as soon as a payment mechanism is worked out, Managing Director H. Kumar said.
-
India, Iran Agree To Clear $6.4 Billion In Oil Payments: Pradhan
The central banks of India and Iran have reached an arrangement to use European banks to process pending oil payments to Tehran, India's Oil Minister Dharmendra Pradhan told Reuters, unlocking $6.4 billion in stalled funds.
