India wants to keep Iran oil purchases at 300,000 bpd in extended waiver: Sources


India wants to keep Iran oil purchases at 300,000 bpd in extended waiver: Sources

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with the Washington about extending a sanctions waiver past early May, two sources in India with knowledge of the matter said.

India has reduced its purchases of Iranian oil but has been in talks on extending its sanctions waiver, a senior India official said in January. New Delhi is asking to be allowed to still buy Iranian oil at current levels of around 1.25 million tonnes per month, or about 300,000 barrels per day, the sources said.

The United States reimposed sanctions against Iran in November last year in a dispute over Tehran’s nuclear and missile ambitions, after President Donald Trump pulled Washington out of a 2015 deal between Iran and six world powers. Read More

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