India's biggest buyer of Iranian oil, MRPL, has bought Azeri, Saudi and Emirati crude to replace imports from Iran in July and it may halt purchases from Tehran altogether as sanctions make shipments more difficult, industry sources said on Monday.
Loss of exports to Mangalore Refinery and Petrochemicals (MRPL) would be a blow to Iran, which has seen
overseas sales decline by more than half from a year ago due to U.S. and European Union sanctions.
The sanctions against Iran's nuclear programme, which the West thinks is aimed at making weapons, are meant to cut the country's oil revenues.
No comments:
Post a Comment