Payments to Iran cleared by MRPL and IOC: Clearance window may shut under Trump
Nov 22: Latest data shows that Indian public sector companies have paid up their oil dues to Iran 8It is Essar Oil Ltd however that still has an outstanding of a massive $ 2.31 billion 8MRPL paid up $2.35 billion in dues in the last four months 8IOC has also cleared its dues during this period as well 8The payment clearance mechanism has eased as far as Iran is concerned under President Obama but the dynamics may change subsequent to Donald Trump's election. Click on Reports for more