India has for the first time allowed state refiners to buy 35 percent of their oil imports in tankers arranged by the seller, a document reviewed by Reuters showed, enabling them to swiftly tap cheaper cargoes.
The move will help refiners in Iran`s second biggest oil market to boost purchases from alternative sources as U.S. President Donald Trump prepares to halt Iranian oil sales through a new set of sanctions from Nov. 4.
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Updated: Tue, Sep 25, 2018
09:29 PM IST
09:29 PM IST
Reuters