India to buy 12% less Iran oil in April versus March: Report



NEW DELHI: Indian state refiners will lift 8 million barrels of Iranian oil in April, a decline of about 12 per cent from the previous month, industry sources said, as the nation is in talks with the United States to renew the waiver from US sanctions against Tehran.


The United States introduced sanctions aimed at crippling Iran’s oil revenue-dependent economy in November but gave a six-month waiver to eight nations, including India, which allowed them to import some Iranian oil.


India has been allowed by Washington to continue to buy about 300,000 bpd oil or 9 million barrels in a month till early May.


New Delhi, Tehran’s biggest oil client after , has decided to lift lower volumes in April as a ‘precautionary measure ahead of renewal of waiver,’ said one of the sources familiar with the matter, without elaborating further.


The United States aims to cut Iran’s crude exports by about 20 per cent to below 1 million bpd from May by requiring importing countries to reduce purchases to avoid US sanctions, two sources familiar with the matter said.


The United States will likely renew waivers to sanctions for most countries buying Iranian crude, including the biggest buyers and India, in exchange for pledges to cut combined imports to below 1 million bpd. That would be around 250,000 bpd below Iran’s current exports of 1.25 million bpd.


It is not yet clear if reduced volumes of 8 million barrels a month is the new condition imposed by Washington for granting a second waiver to New Delhi from sanctions against Tehran.


For March, Indian Oil Corp had placed an order for 5 million barrels, Mangalore Refinery and Petrochemicals Ltd for 2 million, and Hindustan Petroleum Corp and Bharat Petroleum Corp for 1 million each.


In April, IOC would lift 4 million barrels, while there is no change in volumes to be loaded by other companies, the sources said.




译文来源:三泰虎 http://www.santaihu.com/47200.html


MiddleClassIndian Indian - Philadelphia , USA - 8 hours ago -Follow

Modi ruins middle class people of India to please Trump by purchasing costly oil from S Arabia, instead of cheaper Iran oil. He must show his 56 to Trump. Is he afraid of Trump??!!



KAMAL - 7 hours ago -Follow

US had not put any sanction against terrorist state Pakistan who is bleeding whole of the world



Schnell Rai - Bangalore - 7 hours ago -Follow

This shows India will bend down in front of US. India always try to please US by compromising its own interest.

So, for India US interest is more important than own.

such a shameful movement.




Narendra - HINDUstan - 7 hours ago -Follow

Rise of eVehicles is the reason .

I can see lot of cars with Green Boards here in Bangalore.




Shiva Narayan - 2 hours ago -Follow

Decrease in oil imports

Find alternative is the only solution to protect our sacred land



DR.MAHADEVAN IYER - 3 hours ago -Follow

while with much larger economy than India, how can modi flex his muscles against U.S.

please understand that our economy is still fragile and doing some thing very brave can hurt us terribly




Sudhir Sodhani - 3 hours ago -Follow

May may not see the present govt. It will be a problem of next govt.



Truth is Bitter - Bharath - 3 hours ago -Follow

Bending in front of US and



Ramaswami - chennai - 4 hours ago -Follow




Mohit - 5 hours ago -Follow

USA should accommodate more India in dealing with Iran.



Pais Hilary - 5 hours ago -Follow

It is a shame the way the United States performance economic terrorism on India.



AROP - 5 hours ago -Follow

We should purchase petroleum from different sources, this will be beneficial in long run. Good move by India.



Arun Choudhary - 6 hours ago -Follow

Slowly we are importing less oil from IRAN



Pkm - Lagos - 7 hours ago -Follow

Really shameful Indeed.What about Chabahar?



Chenchireddy Guvvala - Bangalore - 7 hours ago -Follow

Now Rhaul will unhappy


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