News Manager
Milforums News Bot
SINGAPORE (Reuters) - Iran is offering Asian oil buyers, including India, easier credit terms to lure more business and counteract tough Western sanctions aimed at restricting the OPEC member's principal export, the Financial Times reported on Thursday. Tehran has been offering a handful of potential customers in Asia 180 days of free credit, the newspaper said quoting unnamed industry officials. Each month of credit amounted to a discount of roughly $1.2 to $1.5 a barrel. Despite its generous terms, Iran was struggling to find new customers, the FT said. ...
More...
More...