Iran continues cooperation with India: Minister
Azerbaijan, Baku, August 2 /Trend/
Iran is continuing its cooperation with India, IRNA reported quoting Iranian Economy Minister Shamsoldin Hosseini as saying.
"Some countries pressured India over oil payment but Indian officials negotiated with Iran therefore they intend to transfer the rest of oil debts," he said.
Iran and India have no problems in business relations and the cooperation between two countries will continues, the minister stressed.
Governor of Central Bank of Iran Mahmoud Bahmani recently said India started oil payment and there is no problem in money transfer.
Previously, Bahmani announced India's debt on Iranian oil payments at $5 billion.
Iran's oil exports to India reduced by 90,000 barrels of oil per day from July 23 however the Oil Ministry says the reduction is temporary and due to technical problems in India's oil Terminals and not over India's debts.
Despite India's debt, Iran continues to export 310,000 barrels of oil per day worth one billion dollar per month to India.