(EnergyAsia, February 16 2011, Wednesday) — After nearly two months of a standoff, India has decided to use a German bank to handle its euro payments for its crude oil imports from Iran. Indian companies will make payments through Europisch-Iranische Handelsbank AG (EIHBank) of Hamburg, instead of the State Bank of India. Last December, fearing…
INDIA: German bank enlisted to help process payment for Iranian crude oil imports
Posted on February 15, 2011 by EnergyAsia