Publish date9 Mar 2019 - 12:43
Story Code : 407552

India wants to keep Iran oil purchases at 300,000 bpd in extended waiver

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of U.S. sanctions past early May, two sources in India with knowledge of the matter said.
India wants to keep Iran oil purchases at 300,000 bpd in extended waiver
India has reduced its purchases of Iranian oil, but has been in talks on extending a sanctions waiver, known as a significant reduction exception, a senior India official said in January.
New Delhi is asking to be allowed to still buy Iranian oil at current levels of around 1.25 million tonnes per month, or about 300,000 bpd, the sources said.
Vincent Campos, a spokesman at the U.S. State Department's energy bureau, would not confirm that India was asking the United States to renew its waiver, but said talks are ongoing with the eight consumers of Iran's oil that received waivers in November with the aim of eventually cutting imports to zero.
"We continue to have bilateral discussions" with each of the countries, including India, Campos said.
https://taghribnews.com/vdccpmq0i2bqxp8.-ya2.html
Your Name
Your Email Address
Security Code