New Delhi: India on Wednesday will pay Iran USD 700 million to clear one-tenth of oil dues, the first payment this year ahead of easing of international sanctions against the Persian Gulf country. Mangalore Refinery and Petrochemicals (MRPL) will pay $300 million while Essar Oil will clear a little over $300 million in dues on September 30, top sources said. HPCL-Mittal Energy (HMEL) and Hindustan Petroleum Corp (HPCL) will be the other refiners which will clear part of their outstanding on Wednesday.
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