Iran and India have resolved a payment dispute that was threatening to halt exports of crude oil to India.
The National Iranian Oil Company said the two sides had agreed to settle the bill as soon as possible.
Iran previously threatened to cut supplies to India if payments were not made by 1 August.
US sanctions on Iran make it difficult to send international bank payments.
NIOC head Ahmed Qalebani indicated that the payments would be made in two parts, with the first being settled in the coming days.
The BBC reports that about 12% of India's oil demand is met by crude from Iran.
