Exclusive - India's Reliance to halt oil imports from Iran from October-November: sources

Exclusive - India's Reliance to halt oil imports from Iran from October-November: sources
By Reuters
Share this articleComments
Share this articleClose Button

NEWDELHI (Reuters) – India’s Reliance Industries Ltd <RELI.NS>, owner of the world’s biggest refining complex, is planning to halt oil imports from Iran, two sources familiar with the matter said, in a first sign that new U.S. sanctions are forcing buyers to shun oil purchases from Tehran.

Reliance’s call to quit buying oil from Iran followed Washington’s decision to abandon the 2015 nuclear accord which has raised the threat of sanctions on entities dealing with Iran, after “wind-down” periods of three to six months expire.

(Reporting by Nidhi Verma. Editing by Jane Merriman)

Share this articleComments

You might also like

UK house prices are plummeting at the most rapid pace in over a decade

Eurozone unemployment still at its lowest level in August, at 6.4%

Portugal puts national airline TAP up for sale