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Iran asks India to clear $6.5 billion oil dues in 2 months.

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  • Iran asks India to clear $6.5 billion oil dues in 2 months.

    NEW DELHI: Iran has asked India to pay within two months $ 6.5 billion in past oil dues, partly in rupees and rest in dollars or euros, a top official said.
    "The payment will be in at least three installments. The modalities of installments and the route are being worked out," he said.
    The dues to Iran on crude oil that refiners buy have accumulated as Western sanctions blocked payment routes since 2013.
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