NEW DELHI (Reuters) - Iran will soon begin talks with India on finalising a mechanism to recover more than $6.5 billion in oil dues held by Indian refiners, Iran's envoy to India said on Friday, after Western powers and Tehran clinched a nuclear deal earlier this week.
"In the very near future we will exchange delegations to discuss how we can handle these issues," Gholam Reza Ansari told Reuters.
He said that the meeting would happen in a "matter of weeks," but that the place and time are yet to be decided.
Indian refiners owe Iran about 55 percent of the bill for crude bought since February 2013 after banking channels were shut under pressure from U.S. and European sanctions.
(Reporting by Nidhi Verma; Editing by Frank Jack Daniel)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
