Friday, June 01, 2012

Iran paid for oil via Turkey

By: AFP | January 21, 2012 |

TEHRAN - Iran is being paid for oil sales to India through a Turkish bank, the managing director of the National Iranian Oil Company said Friday on Mehr news agency. “There is no problem with exports to India and money continues to be transferred through a Turkish bank,” said Mohsen Ghamsari. That bank, however, has warned Iranian authorities that it will not take on new clients making money transfers to pay for Iran’s oil exports, Ghamsari was quoted as saying. India, which buys about 400,000 barrels per day from Iran, had expressed concern that this channel could no longer be used to make payments.

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