With a set of international nuclear sanctions on Iran being lifted, India will be able to resume its unrestricted import of oil from the Persian Gulf nation.
State-run Indian Oil Corp (IOC) in New Delhi told IANS that the possibility of freely importing oil from Iran, to be paid for now in US dollars, comes at a time when global prices are expected to plunge further with Iranian oil adding to the supply glut.
Iran is expected to increase its export of 1.1 million barrels of oil per...
India to resume importing of Oil from Iran
State-run Indian Oil Corp (IOC) in New Delhi told IANS that the possibility of freely importing oil from Iran, to be paid for now in US dollars, comes at a time when global prices are expected to plunge further with Iranian oil adding to the supply glut.
Iran is expected to increase its export of 1.1 million barrels of oil per...
India to resume importing of Oil from Iran