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US Precipitates India, Iran Oil Crisis
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US Precipitates India, Iran Oil Crisis

Our Correspondent
Aug 06, 2011
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US Precipitates India, Iran Oil Crisis
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Last week, India’s Mangalore Refinery and Petrochemicals managed to make a US$100 million payment for Iranian oil – by transferring it through a third party bank in Istanbul.

That is because there is a continuing oil payment crisis between India and Iran, caused by the US government’s determined efforts to make sure as little oil money as possible seeps …

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