SBI to stop handling Iran oil payments, imports may be hit
Nidhi Verma, Reuters
June 14, 2018
Who was cited:
Sri Paravaikkarasu, FGE Director of Asia Oil and Head of East of Suez Oil Service
India’s imports of Iranian oil may be hit from the end of August after the State Bank of India informed refiners it would not handle payments for the crude from November, the finance chief of Indian Oil Corp (IOC) said on Friday.