President Donald Trump said on Wednesday that the US “will take care” of the countries which will continue to import oil from Iran after November 4 deadline when US sanctions on Iranian oil purchases take effect.
“We will take care of them,” Trump told reporters when asked about the decision of some countries like India and China to continue to purchase oil from Iran. Oil Minister Dharmendra Pradhan on Monday said that two state refiners have placed orders for importing crude oil from Iran in November.
He had said that India has its own energy requirements which it has to fulfill. Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) together have placed order for 1.25 million tonne (MT) of crude oil from Iran. Read More
Latest posts by Moneycontrol.com (see all)
- Quick Take | Betting on the government’s scheme to provide free cooking gas - December 18, 2018
- Govt says all geared up for ’24X7 Power for All’; Industry wants coal & pricing pains plugged - December 18, 2018
- OMC stocks rise as crude prices dip on supply concerns - December 18, 2018