Iran’s key Indian client Nayara Energy, formerly known as Essar Oil, shipped in marginally higher volumes of oil from Iran in August at about 136,000 barrels per day (bpd) compared with the previous month, according to data from the shipping industry and sources. Under pressure from upcoming U.S. sanctions, Nayara has been reducing its intake of Iranian oil from June, sources previously told Reuters.
The company has no plans to import Iranian oil from November. The sources declined to be identified as they were not authorised to speak with media. Following are details of Nayara’s crude and condensate imports. Volumes are in 1,000 bpd. Read more
Latest posts by The Times Of India (see all)
- Government rules out bringing oil products under GST for now - June 18, 2019
- Metro alignment clashes with GAIL network at many points - June 17, 2019
- Kolkata East-West Metro Gets International Safety Nod - June 16, 2019