Page 16 - ஹிந்துஸ்தான் பெட்ரோலியம் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Oil Refiners Set To Curb Spot Buying To Make Room For Iranian Oil Oil Refiners Set To Curb Spot Buying To Make Room For Iranian Oil State-run Bharat Petroleum Corp, which plans to tap the spot market for 45 per cent of its overall imports, will buy Iranian oil if sanctions are lifted. India used to be Iran s second-biggest oil client after China Oil refiners, anticipating a lifting of U.S. sanctions, plan to make space for the resumption of Iranian imports by reducing spot crude oil purchases in the second half of the year, company officials told Reuters. The world s third-largest oil consumer and importer halted imports from Tehran in 2019 after former U.S. President Donald Trump withdrew from a 2015 accord and re-imposed sanctions on the OPEC producer over its disputed nuclear programme. U.S. President Joe Biden s administration and Iran have been involved in indirect talks to revive the pact for Tehran to curb its nuclear activities in exchange for a lifting of sanctions.

India generalSaudi arabiaDonald trumpJoe bidenPetrochemicals ltdBharat petroleum corpOrganization of the petroleum exporting countriesIndian oil corpIranian oil indiaHindustan petroleum corporationPetroleum corporationPhoto creditMangalore refineryPetroleum exporting countriesBharat petroleum corp ltd bpclOil refiners