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Iran does not reduce oil export to India in August (UPDATE)

Oil&Gas Materials 8 August 2011 16:09 (UTC +04:00)
Iran has not reduced oil exports to India for month of august said deputy oil minister

Iran has not reduced oil exports to India for month of august said deputy oil minister Ahmad Ghalebani, reported Reuters.

Iran has not reduced its oil exports to India for the month of August, Deputy Oil Minister Ahmad Qalebani said at a news conference on Monday.

Indian refiners had said the National Iranian Oil Co (NIOC) halted supplies in August because no solution had been found to a sanctions-related payment problem which has prevented them from getting funds to Tehran this year, a problem which both sides said appeared to be over on Monday.

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