Hindustan Petroleum May Buy Iranian Oil If India Secures Sanctions Waiver


Hindustan Petroleum May Buy Iranian Oil If India Secures Sanctions Waiver

State-run Indian refiner Hindustan Petroleum said it may resume buying Iranian oil if New Delhi secures a waiver from U.S. sanctions, its chairman M.K. Surana said on Thursday.

India is Iran’s top oil client after China and hopes to get a waiver on U.S. sanctions before they take effect on Sunday, after significantly reducing its oil imports from Iran.

“Why not?” Surana told a press conference, when asked if his firm would look at resuming oil imports from Iran if India gets a waiver. Read more

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