India pays 2/5 oil debt to Iran
Azerbaijan, Baku, August 13 /Trend/
India has paid 2/5 oil debt to Iran after a long delay ,Mehr News Agency quoted Deputy Governor for Currency Affairs Seyyed Kamal Seyyed Ali as saying.
" India has paid 2/5 of its debt on oil payment," he said.
Previously, Governor of the Iranian Central Bank Mahmoud Bahmani said that India's debt on Iran's oil payment is $5 billion while Iran attempts to resolve the problem with money transfer.
Iran 's oil export to India reduced by 90,000 barrels of oil per day from July 23. However, the Oil Ministry says that the reduction is temporary and connected with the technical problems in India's Oil Terminals.
Despite India's debt, Iran continues exporting 400,000 barrels of oil per day worth $1 billion per month to India .