INTERVIEW-Iran's top Indian oil buyer draws up alternatives

Reuters

INTERVIEW-Iran's top Indian oil buyer draws up alternatives

Reuters

INTERVIEW-Iran's top Indian oil buyer draws up alternatives

MRPL, Iran's biggest Indian client, may seek more spot high sulphur oil through tenders to make up for a shortfall in supplies from Tehran that have been hit by western sanctions, its managing director said on Tuesday. Refiners in Asia, Iran's biggest market, are struggling to lift its crude because of problems with insurance and shipping since the European Union brought in sanctions on July 1 banning most major insurance firms from covering Iranian oil shipments. "I got a shortage of crude. That's why there were emergency tenders ... ...

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Aug 21, 2012

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