IRAN & INDIA: WITHDRAWING CONCESSIONS
IE. The new government in Iran has withdrawn all crucial oil and gas concessions that had been promised to India by its predecessor.
Iran oil payments bring relief for Re
Oil minister Bijan N Zangeneh,it is learnt,told Indian ambassador D P Srivastava on September 1 that Tehran would not accept the entire payment for crude oil imported by India in rupees as agreed in July.
India was banking on 100 per cent rupee payment for Iranian crude to cut its forex outflow. Petroleum Minister M Veerappa Moily had assured Prime Minister Manmohan Singh last month that an additional 11 million tonnes would be imported from Iran in 2013-14 to save $ 8.47…
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