The latest flashpoint in West Asia has derailed India’s preliminary plans to resume crude oil imports from Iran, officials said.
In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports.
“We are always monitoring the situation when it comes to crude flows. There had been proposals to resume crude oil imports from Iran. But given the current state of affairs, that plan has now been put aside,” a Petroleum Ministry official said on Monday.
