Indian refiners, too, have recently received communication from the NIOC, it is learnt. A senior refinery executive said that refiners’ trading teams are in touch with the Iranian side and deliberations are on regarding the techno-commercial feasibility of lifting Iranian oil under the arrangement listed in the US-Iran MoU. Iran used to be a major source of crude oil for India, but New Delhi stopped buying Iranian oil in 2019 after the first Donald Trump administration walked away from the Iran nuclear deal and reimposed sanctions on Tehran. After a gap of nearly seven years, Indian refiners again bought Iranian…
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