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India Wants To Keep Iran Oil Purchases At 3 Lakh Barrels Per Day: Report

Friday, March 8, 2019, 8:44 PM

India wants to keep buying Iranian oil at its current level of about 300,000-bpd, as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in with knowledge of the matter said. The centre is asking to be allowed to still buy Iranian oil at current levels of around 1.25-million tonnes per month, or about 300,000-bpd, sources said.
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Iranian oil: 40 years of revolution, war, sanctions and bans

Saturday, November 3, 2018, 3:15 PM

Nearly 40 years after the 1979 Islamic revolution saw the exit of Western oil companies from Iran, the Iranian oil sector faces yet another costly disruption after a series of interruptions from war, sanctions and diplomatic isolation. Washington will reapply sanctions to Iran's oil sector on Nov. 4, after ending its participation in an international deal governing Iran's nuclear sector.

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