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RIL to halt Iranian oil import from October
May 31, 2018

RIL to halt Iranian oil import from October

Reliance Industries Ltd (RIL) is planning to stop its import of Iranian crude from October-November, owing to re-imposition of US sanctions. Although India has said that it does not follow U.S. sanctions but companies like Reliance, which have significant exposure to the financial system of the United States could be liable to penalties if they do not comply. US ordered the re-imposition of sanctions on Tehran earlier this month.

   Read More About : Iran Midstream US Sanctions Reliance NIOC
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