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Exclusive: Nayara Energy begins cutting Iran oil imports - sources

Reuters  |  NEW DELHI 

By Nidhi VermaNEW DELHI (Reuters) - Indian refiner Nayara Energy, one of the country's biggest buyers of Iranian oil, began cutting imports this month after the United States scrapped a nuclear deal with Tehran and said it would re-impose tough sanctions, three people familiar with knowledge of the matter said.Previously named Essar Oil, Nayara was bought by Russian state oil-giant Rosneft and partners in a $12.9 billion deal last year. It typically buys around 5.5-6 million barrels a month from Iran, according to data made available to Reuters from industry and shipping sources.The cuts by ...

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First Published: Mon, June 11 2018. 20:46 IST
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