Oil's not well for India | Petroleum
by MG Arun
May 03, 2019
2 minutes
Starting May 2, India will no longer be able to import crude oil from Iran, it's third largest supplier after Iraq and Saudi Arabia. The development threatens to squeeze India's oil supplies and push prices up, increasing the burden on the finances of state-owned refiners. This comes after the United States refused to renew exemptions from sanctions on trade with Iran granted to eight countries,
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