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Web Exclusive | October 2018

India's Iran crude oil purchases to fade ahead of US sanctions

As New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November, the Indian refiners plan to cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year. After purchases over April-August had been boosted in anticipation of the reductions, India’s loadings from Iran for September and the next month has dipped to less than 12 million barrels each.

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