SBI to stop handling Iran oil payments, imports may be hit
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Article by:
Nidhi Verma, Reuters
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Date Published:
June 14, 2018
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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.
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