Italy's Saras says it will clear Iranian oil debt in 2017

Italian oil refiner Saras has paid 160 million euros ($177 million) of the debt it owes Iran for crude oil bought before sanctions were imposed and its chief financial officer said the total debt to Tehran will be cleared next year. "A further 100 million euros will be paid by year-end," CFO Franco Balsamo told analysts in a conference call on Monday's third-quarter results. "The rest will be paid in 2017." International financial sanctions on Iran were lifted in January after a deal over nuclea