Indian refiners have started to settle the rest of their outstanding oil dues to Iran via State Bank of India and Germany-based bank Europaeisch-Iranische Handelsbank AG (EIH), a report said. In an attempt to speed up payment of billions of Iranian oil dues, Indian refiners are settling their debts via EIH as timely payment of […]
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Tags: bank transfers, banking, Essar Oil, Europaeisch-Iranische Handelsbank AG (EIH), featured, Germany, Halkbank, Hindustan Petroleum Corp (HPCL), India, Indian Oil Corp (IOC), Indian Oil Corporation, Mangalore Refinery and Petrochemicals (MRPL), National Iranian Oil Company (NIOC), State Bank of India, Union Bank
Int’l Banks Exploring Prospects in Iran
By John Lee. Reuters reports that Dubai’s largest lender, Emirates NBD (ENDB), is just one of the many banks that are already meeting prospective clients and taking legal advice about entering Iran. According to the report, non-U.S. banks may trade with Iran without fear of punishment in the United States, but U.S. banks may not, […]