Arab Today, arab today india’s hpcl may buy 6m barrels of iranian crude oil
Last Updated : GMT 16:04:17
Arab Today, arab today
Arab Today, arab today

India’s HPCL may buy 6m barrels of Iranian crude oil

Arab Today, arab today

Arab Today, arab today India’s HPCL may buy 6m barrels of Iranian crude oil

Tehran - FNA

India's state-owned refiner Hindustan Petroleum Corp Limited (HPCL) said it may buy about 6 million barrels of Iranian crude oil by March 31 despite the US-engineered sanctions against Iran’s oil sector. “This month, things could get formalized. For the remaining four months (of the fiscal year), we can get around 0.8 million tons from Iran,” HPCL executive director B. K. Namdeo said. In India, the government's financial year runs from April 1 to March 31, press tv reported. The HPCL halted importing Iranian crude oil from April due to problems getting coverage for refineries running Iranian crude because of EU sanctions banning European reinsurers from the business. Indian oil ministry has promised to settle the insurance problem as well. The amount, which represents nearly 50,000 barrels per day (bpd) of Iran’s oil shipments over the December-March period, would be a quarter more than what New Delhi was importing over the first nine months of the calendar year. India is among Asia’s major importers of energy, and relies on Iran to meet a portion of its energy requirements. At the beginning of 2012, the United States and the European Union (EU) imposed new sanctions on Iran’s oil and financial sectors. The sanctions, which prevent the EU member states from purchasing Iran's oil or extending insurance coverage for tankers carrying Iranian crude, came into effect on July 1, 2012. The sanctions were imposed based on the accusation that Iran is pursuing non-civilian objectives in its nuclear energy program. Iran rejects the allegation as baseless.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india’s hpcl may buy 6m barrels of iranian crude oil Arab Today, arab today india’s hpcl may buy 6m barrels of iranian crude oil

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india’s hpcl may buy 6m barrels of iranian crude oil Arab Today, arab today india’s hpcl may buy 6m barrels of iranian crude oil

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday