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India: Iranian banks are able to receive the price of oil source
14:24 - 09/01/2019
Information / Baghdad ..
- Nine Iranian banks can receive the price of oil exported to their country, the executive director of the state-run Indian state bank UCO Garan Singh said Wednesday.
According to the agency "Fares", BusinessStandard said that the dues of exports of Iranian oil to India will be paid in the national currency (rupee).
He added that the nine Iranian banks are: Saman, Basarakad, Nukin economy, Karakfarin, Sarmayeh, Khawramiyana, Shahr, Iran and Kordashkari.
India's purchases from Iran between April and November amounted to about $ 11 billion and oil accounted for 90 percent of them.
The Indian government has exempted state-owned companies from the country's National Oil Company (NIOC) from taxes, raising the ability of refineries to pay their dues. Ending / 25
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