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IOCL moves to US crude
Aug. 9, 2018

IOCL moves to US crude

Looming US sanctions has forced state-run IOCL to buy US crude as an alternative to Iranian oil. Indian Oil bought 6 million barrels of US crude for delivery in November to January, through a mini-term tender. After the United States pulled out from the 2015 nuclear deal and declared a renewal of sanctions on Tehran, India has asked refiners to prepare for a severe cut or even zero imports from Iran.

   Read More About : Crude Oil India IOCL Iran US Sanctions
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