A senior Iranian official says Tehran prefers to receive payments for crude oil exports to India in euros rather than in rupees following the easing of sanctions against Iran as a result of the Geneva nuclear deal. The Indians are interested in increasing oil imports from Iran and we welcome this matter in the event that it would be possible for us ...

Tehran, Feb 21, IRNA Tehran has asked New Delhi to pay its $1.5 billion of its oil debts to Iran in accordance with terms of Iran-P5+1 Geneva agreement, media reports said. The Geneva agreement permits Iran to receive $4.2 billion of its oil sales money from various countries, the Asian news agencies reported. The Indian officials have still not ...

(Reuters) - Iran has asked India for $1.5 billion in back oil payments under the nuclear deal that provides Tehran some relief from Western sanctions, Indian sources with direct knowledge of the matter said on Thursday. If the payments are approved, this could make India the third of Iran's major buyers, after Japan and South Korea, to start processing ...