Oil Minister Dharmendra Pradhan Monday said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.
“Two of our oil companies have made nominations to purchase Iranian oil in November,” he said speaking at The Energy Forum here. “We do not know if we will get waiver (from US sanctions) or not.”
This is the first time Pradhan has spoken about India’s stand on buying Iranian oil once the US sanctions on Iran come into force from November 4. Later, talking to reporters, he said India has its own energy requirements which it has to fulfill.
“We will be guided by our national interest,” he said. Read More
Latest posts by The Economic Times (see all)
- SoftBank grabs a chunk in India’s wind power pie - February 16, 2019
- New IL&FS Board pushes for asset-level resolution - February 14, 2019
- UAE’s Tabreed to build India’s first district cooling system in Amaravati - February 14, 2019