NEW DELHI : Indian Oil Corp, the country’s top refiner, said on Thursday it would resume purchases of Iranian oil if Washington lifts sanctions against Tehran over its disputed nuclear programme.
The European Union official leading talks to revive Iran’s nuclear deal said on Wednesday he was confident an agreement would be reached as the negotiations adjourned, although European diplomats said success was not guaranteed with very difficult issues remaining.
“We were buying Iran crude earlier before sanctions, and I don’t have any doubt why we will not buy Iran crude because that favours the Indian refining system if the sanctions are lifted,” S. K. Gupta, head of finance at IOC, told an analyst call.
