Turkey Said to Tell India Help on Iran Oil Payments May End
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Turkiye Halk Bankasi AS told Indian oil refiners it may no longer be able to be an intermediary for their purchases of Iranian crude, four people with knowledge of the matter said.
Executives from the crude-processing companies met with Indian oil ministry officials yesterday to discuss alternatives, including routing remittances through Russia, the people said, declining to be identified because the information is confidential. Other options include stopping purchases from Iran altogether and importing from other countries, they said. Indian officials are scheduled to visit Tehran for trade talks starting Jan. 16, two of the people said.