Indian state firms plan to nearly double Iranian oil imports
Updated : April 06, 2018 01:24 PM IST
Tehran recently deepened freight discount to firms in India, its second-biggest oil client after China, in return for higher volumes.
In the current fiscal year to March 2019, state refiners Indian Oil Corp, Mangalore Refinery and Petrochemicals Ltd, Bharat Petroleum and Hindustan Petroleum plan to import 396,000 barrels per day (bpd) Iranian oil.
All four refiners imported about 205,600 bpd Iranian oil in the previous fiscal year.
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