Dharmendra Pradhan says country has multi-country basket that is open to the world for competitive prices
Donald Trump said in early May that the United States would walk away from an international nuclear deal with Iran and impose renewed US economic sanctions on Tehran.
India is increasing refining capacity to keep pace with the expected growth in fuel demand
Imports from Iraq topped 1 mn barrels per day for the first time, up by 8% from a year ago
Saudi Arabia remained the biggest oil supplier to India
Sharp increase propelled Iran into 4th place among India's suppliers in 2016
India received about 576,000 barrels per day (bpd) of Iranian oil in August, up about 10 per cent from July