India BPCL Seeks Extra Iran Oil Amid Sanctions Threat

India BPCL Seeks Extra Iran Oil Amid Sanctions Threat

Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the National Iranian Oil Co. (NIOC) for June, two industry sources said, amid a looming threat of stringent U.S. sanctions.

OPINION: Don’t go back on oil sector reform

OPINION: Don’t go back on oil sector reform

Share prices of PSU oil marketing companies like IOC, HPCL and BPCL tumbled on April 11 based on reports that government has asked them to accept a cut of one rupee in their marketing margins(i.e. not to increase prices in line with international prices).

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