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HPCL to buy Iranian oil in Jan after six-month gap: sources

Reuters  |  NEW DELHI 

By Nidhi VermaNEW DELHI (Reuters) - State-run Indian oil refiner Hindustan Petroleum Corp will buy Iranian crude in January after a gap of six months, with the nation's overall purchases from Tehran at 9 million barrels in the month, four industry sources said.The United States in early November granted India a six-month waiver from sanctions against Iran's oil exports.Under the agreement, New Delhi must restrict its Iran oil purchases to 1.25 million tonnes, or 9 million barrels.As part of the deal, HPCL will lift 1 million barrels of Iranian crude oil in January, one source with knowledge ...

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First Published: Fri, December 07 2018. 06:51 IST
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