A second tranche payment have been made by the Indian refiners Indian Oil (IOC) and MRPL using Germany based EIH bank to help clear past oil dues to Iran.

During last month the Mangalore Refinery and Petrochemicals and IOC have paid USD 750 million to Iran and in this month paid another USD 330 million through Europaeisch-Iranische Handelsbank AG (EIH) bank.

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