Iran said on Sunday it had agreed to clear some of India's oil-related debts worth USD five billion. "After intensive talks between India and Iran, both sides agreed to clear the debt promptly," Ahmad Ghalebani, head of the National Iranian Oil Company (NIOC) was quoted as saying by Iran's state news agency. "In the coming days, part of India's oil debt will be cleared and the rest will be gradually settled." India and Iran have been looking for ways for New Delhi to pay for some 400, 000 barrels per day of Iranian crude, or 12 pct of India's oil demand, since the Reserve Bank of India halted a clearing mechanism last December.
GMT 12:08 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 15:13 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 09:43 2017 Sunday ,26 November
Gas exporters oppose unilateral sanctionsGMT 07:32 2017 Saturday ,25 November
Moroccan Gas Wells a Real Gold Mine for British SDX EnergyGMT 15:45 2017 Thursday ,16 November
Oil prices extend losses in Asia after demand warningGMT 13:30 2017 Sunday ,05 November
Saudi Arabia’s non-oil private sector little changed in October – PMIGMT 21:50 2017 Friday ,03 November
Oil near 2-year highGMT 20:22 2017 Friday ,03 November
Oil up on market rebalancing, but analysts warn OPEC must keep supply cutsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©