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According to a report carried by the Press Trust of India (PTI) on Sunday, Gholamali Kamyab is expected to travel to India later this month to discuss payment options.
The report added New Delhi plans to settle its payments to Iran in rupees. However, Iran is no longer keen on taking payments in rupee when the option of getting payment in hard tradable currencies like Euro is on the verge of opening.
Indian refineries should pay some $ 6.5 billion in outstanding oil dues that have been frozen in bank accounts as a result of sanctions against Iran.
Essar Oil has to pay Iran about $ 3.1 billion, Mangalore Refinery and Petrochemicals Ltd owes $ 2.8 billion, and Indian Oil Corp owes $ 581 million. HPCL-Mittal Energy Ltd (HMEL) has to pay $ 97 million and Hindustan Petroleum Corp owes $ 29 million, India’s media earlier reported.
Tasnim News Agency - economy