Exclusive: Indian Essar's planned oil-for-steel deal tests Iran sanctions

NEW DELHI (Reuters) - Essar Group, a $39 billion Indian conglomerate, is looking to tap frozen Iranian oil revenues to pay for its steel exports to Tehran, in a novel attempt to work around Western financial sanctions against the OPEC member state.

from Combined News for Reuters & Al Jazeera copy http://ift.tt/1rCXUBN