Indian state firms plan to nearly double Iranian oil imports: sources

Indian state firms plan to nearly double Iranian oil imports: sources:

"Indian state refiners plan to almost double oil imports from Iran in 2018/19, drawn by incentives offered by Tehran, sources with knowledge of the matter said, potentially helping Iran increase its share in the world’s third-biggest oil importer.

Iran is pushing to retain its oil customers in Asia, offering better terms than other Middle Eastern suppliers including Saudi Arabia, even as the threat looms of potential further U.S. sanctions on the OPEC member.

 Tehran recently deepened freight discount to firms in India, its second-biggest oil client after China, in return for higher volumes."



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