Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November.
Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as the government works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November.
Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the United Arab Emirates for about a month as demand for the oil fell ahead of U.S. sanctions.
Amid looming US sanctions, India has conveyed to Trump administration that it couldn’t stop its oil imports from Iran, sources say.
Washington will consider waivers for Iranian oil buyers such as India but they must eventually halt imports as sanctions are imposed on Tehran, US Secretary of State Mike Pompeo said on Thursday.
The world’s top oil buyers are discovering that U.S. sanctions on Iran will squeeze their trade flows whether they agree with America or not. It was only about three months ago that India’s foreign ministe
With India seeking ways to maintain its bilateral ties with Iran in the face of US sanctions reimposed on the Gulf nation
India is looking to ensure that its bilateral ties with Iran do not suffer structural damage, The Hindu BusinessLine reported. “India cannot afford to end its trade ties with Iran under any kind of pressure.
India, the second biggest crude customer for Iran, may cut its imports from the Islamic republic by half to secure a waiver from the U.S. to continue with shipments, people familiar with the matter said.
US President Donald Trump’s decision to renege on the US-Iran deal had created considerable disquiet in India, given its implications on our energy security. Iran is a major exporter of petroleum to India,