Iran says India to settle oil debt in a week: Report

Indian refiners will settle all oil debts to Iran by the end of this month, a business daily reported on Sunday, quoting a senior oil official as saying the sanctions-related problem that held up billions of dollars of oil income was over. The head of international affairs at the National Iranian Oil Co(NIOC), Mohsen Qamsari, was quoted by Donya-ye Eqtesad daily as saying: “Upon an agreement between the NIOC and four Indian refiners, all their debts in arrears will be paid out by the end of August.”


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