India says to purchase Iran oil in sanctions era

Young journalists club

News ID: 29965
Iran » Iran
Publish Date: 11:54 - 09 October 2018
TEHRAN, October 09 - Indian Oil Minister Dharmendra Pradhan said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.

India says to purchase Iran oil in sanctions eraTEHRAN, Young Journalists Club (YJC) - "Two of our oil companies have made nominations to purchase Iranian oil in November," Pradhan said on Monday, the Economic Times reported.

"We do not know if we will get a waiver (from US sanctions) or not."

Later, talking to reporters, he said India has its own energy requirements which it has to fulfill.

"We will be guided by our national interest," he said.

Indian Oil Corp (IOC) Chairman Sanjiv Singh said his company is among the two which have placed an order for November.

"We have ordered for our usual quantity of oil," he said.

IOC and Mangalore Refinery and Petrochemicals Ltd (MRPL) together have placed the order for 1.25 million tons (MT) of crude oil from Iran.

Singh said options for paying for Iranian oil are under discussions.

US sanctions against Iran will kick in from November 4, which will block payment routes.

Source: Tasnim

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