Azerbaijan, Baku, August 1 /Trend/
Negotiations between Iran and India's bank officials continue, with Turkey a possible mediator for solving India's payment problems, Mehr News Agency reported quoting Iran's Ambassador to India Mehdi Nabizadeh as saying.
"Negotiations between the two countries had a positive result and we await the decision of the Central Bank of Iran to implement the agreed formula", he said.
To resolve the payment problem, officials of India and Iran had negotiated with three other countries, Turkey being one of them, he added.
Officials of Iran and India had negotiated in Turkey. If the problem is resolved by Turkey, there would be no need for aid from other mediating countries.
He noted that India has shown goodwill in resolving the oil payment problem. However, there were obstacles for Iran over money transfers, an issue that will be resolved.
Iranian Foreign Minister Ali Akbar Salehi will attend New Delhi to negotiate a payment system of Iran's oilexport to Indian companies.
The Governor of the Central Bank of Iran rules out Turkey's role in solving the money transfer earlier. "Turkey has no part in solving India's oil payment. Iran had good long negotiations with India and the problem has been resolved", the governor said.
Iran 's oil export to India was reduced by 90,000 barrels of oil per day since July 23, however the Oil Ministry says the reduction is temporary and due to technical problems in India's oil terminals and not because of India's debts
Despite India's debt, Iran continues to export 400,000 barrels of oil to India daily, worth $1 billion per month .