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India witnesses highest oil imports from Iran since 2016 category
June 13, 2018

India witnesses highest oil imports from Iran since 2016

Despite the threat of US sanctions, Indian oil imports are experiencing a major surge, about 705,000 bpd spike in May. Iran remained the third largest supplier of oil in India last month. The Indian Oil Minister says that the nation wants to pursue a ‘wait and watch’ policy till there is some clarity on the consequences of US sanctions. Iran's petroleum industry will reflect the effects of sanctions by November 2018.

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