India: Sources India prepares to pay Iran $1.4 billion in oil dues

Published August 14, 2015 by godshope1971

NEW DELHI – Indian refiners have got the green light to prepare to pay Iran $1.4 billion in oil dues, two sources with knowledge of the issue said, in one of the first signs that last month’s nuclear deal is helping Tehran unlock frozen funds.

The landmark nuclear deal between Iran and six major world powers was struck on July 14 and sanctions could begin to be removed later this year if UN inspectors confirm Tehran is complying with its provisions. ∞∞∞∞∞ MORE »»»»

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