India’s Iran oil imports surge in June – Feedback

India’s Iran oil imports rose about 39 percent in June year on year, preliminary data obtained by Reuters shows.

In the first half of 2016 India’s Iran oil imports surged by about 58 percent to about 342,000 bpd, the data showed, in comparison with 216,500 bpd in the same period last year. HPCL-Mittal Energy, majority owned by state refiner Hindustan Petroleum Corp, halted oil imports from Iran in November 2012 under pressure from Western sanctions over Iran’s nuclear ambitions. HPCL-Mittal Energy Ltd (HMEL), partly owned by steel tycoon Lakshmi N. Mittal, took a cargo from Tehran after a three-and-a-half year break.

http://in.reuters.com/article/india-iran-oil-idINKCN0ZH58V

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *