Radio Zamaneh
  • Home
  • Labor Rights
  • Advertise
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
    • Republishing Guidelines
No Result
View All Result
  • Home
  • Labor Rights
  • Advertise
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
    • Republishing Guidelines
No Result
View All Result
Radio Zamaneh
No Result
View All Result

India set to pay part of oil debt to Iran

by Zamaneh Media
February 27, 2014
in Latest Articles
Reading Time: 1 min read
0
India set to pay part of oil debt to Iran

With the easing of international sanctions on Iran, India says it is now prepared to pay Iran $1.5 billion to clear part of its debt for oil shipments.

Indian Oil Secretary Vivek Rae announced on Tuesday February 26 that India is prepared to pay off a portion of its oil purchase debts to Iran.

Iran and the world powers reached an interim agreement in November 2013, amid ongoing nuclear negotiations, which allows Iran access to $4.2 billion in frozen oil revenues from a number of countries. The funds are to be paid in eight transfers. Japan made the first such payment on February 1, transferring $550 million.

India began increasing its oil imports from Iran last month. Iran’s oil revenues were cut by about 50 percent due to the international sanctions imposed by the U.S. on Iran’s crude imports and financial sector.

Related Posts

The Light Carried Forward: Migration, Exile, Flight and Cinematic Creation
Latest Articles

The Light Carried Forward: Migration, Exile, Flight and Cinematic Creation

May 9, 2025
A Dutch Artist Inspired by Women, Life, and Freedom in Iran: An Interview with Rienke Enghardt
Latest Articles

A Dutch Artist Inspired by Women, Life, and Freedom in Iran: An Interview with Rienke Enghardt

September 23, 2024
Afghan Migrants Speak Out: Legal Residents Expelled from Iran
Human Rights

Afghan Migrants Speak Out: Legal Residents Expelled from Iran

August 16, 2024
From Zahra Kodai to Iman Khalif: How Can We See the Bigger Picture?
Latest Articles

From Zahra Kodai to Iman Khalif: How Can We See the Bigger Picture?

August 14, 2024
87 Executed in Iran One Month Post-Election
Latest Articles

87 Executed in Iran One Month Post-Election

August 9, 2024
14 Iranian Refugees’ Inspiring Journey to Paris Olympics
Latest Articles

14 Iranian Refugees’ Inspiring Journey to Paris Olympics

July 26, 2024
Radio Zamaneh

© 2024 Zamaneh Media

More information

  • Sponsors
  • Donate
  • About us
  • Contact us
  • Legal

Follow Us

No Result
View All Result
  • Home
  • Labor Rights
  • Advertise
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
    • Republishing Guidelines

© 2024 Zamaneh Media