Categories: Business

India makes first oil purchase from Iran in 7 years with no payment hurdle

Amid Middle East supply disruptions, Indian refiners have resumed Iranian crude oil purchases after a seven-year hiatus, securing their energy needs. The government confirmed no payment hurdles exist for these imports, assuring India’s crude oil requirements for the coming months are fully met. This strategic shift diversifies sourcing amidst global supply chain challenges.

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The News Vista
6 months ago

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