Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second-biggest oil client. Several refiners in Asia, Iran’s key market for oil sales, are gradually reducing the amount of […]
Tag Archives | Bharat Petroleum Corp
Tags: Bharat Petroleum Corp, featured, General Insurance Co (GIC), Hindustan Petroleum Corp (HPCL), India, Indian Oil Corp (IOC), insurance, National Iranian Tanker Company (NITC), shipping
India Drops Plan to Buy UAE Oil, Turns to Iran
India plans to buy 6 million barrels of Iranian crude oil after its talks with the United Arab Emirates’ national oil company for supplies came to a close over commercial terms, industry sources said. Three industry sources with direct knowledge of the matter said India would buy 6 million barrels of Iranian Mix crude from […]