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Updated on: Friday, May 31, 2019, 10:12 PM IST

India to pay Iran $700 mn on Wed, one-tenth of its oil dues        

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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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Published on: Tuesday, September 29, 2015, 12:26 AM IST
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