India plans to cut oil imports from Iran, say officials
India is looking at slashing oil imports from Iran, and replacing them with more purchases from Saudi Arabia and Kuwait after US re-imposed sanctions on the Persian Gulf nation, government and industry officials said on Thursday. While a final view on US asking India and China to cut Iranian oil imports has not yet been taken, the petroleum ministry has asked refiners to tread cautiously and start looking at alternatives, they said. Bringing down imports to zero, as desired by the US, may however not be feasible, officials said. The…
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