India has optional volumes of crude oil from Saudi, others to make up for shortfall from Iran: Officials

India had contracted to import about 25 million tonnes of crude oil from Iran in the fiscal year 2018-19 (April 2018 to March 2019), up from 22.6 million tonnes imported in 2017-18.

India has optional volumes of crude oil from Saudi, others to make up for shortfall from Iran: Officials

Indian oil companies like IOC have optional volumes built in their annual crude oil purchase contracts with suppliers like Saudi Arabia and Iraq that will be more than enough to make up for any shortfall in supplies from sanctions-hit Iran, senior officials said Monday.

1 2 3 563