• Monday, August 15, 2022

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MRPL Expects India to Get Waiver from US Sanctions on Iranian Crude Oil Imports

India imported around 10 million barrels of crude oil from Iran in October, and its November vessels are likely to move down.(Photo: SAM PANTHAKY/AFP/Getty Images).

By: Radhakrishna N S

Mangalore Refinery and Petrochemicals Ltd (MRPL), a major crude oil refinery located in southern India, expects India to get a waiver from US sanctions on Iranian crude oil exports this month, said a company official on the sidelines of the IHS CERA conference on Tuesday (16). The US is on its way to impose sanctions against Iran’s crude oil sector on November 04 this year in a bid to stop the crude oil producer’s role in conflicts in Syria and Iraq and bring Iran to the negotiating table over its ballistic missile project. According to a US official earlier this month,…

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