{"id":275153,"date":"2019-05-20T05:22:00","date_gmt":"2019-05-20T05:22:00","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275153"},"modified":"2019-05-20T05:22:00","modified_gmt":"2019-05-20T05:22:00","slug":"ioc-studying-if-irans-investment-in-chennai-refinery-violates-us-sanctions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-studying-if-irans-investment-in-chennai-refinery-violates-us-sanctions\/","title":{"rendered":"IOC studying if Iran&#8217;s investment in Chennai refinery violates US sanctions"},"content":{"rendered":"<p>India&#8217;s top refiner Indian Oil Corp (IOC) will evaluate the implications of US sanctions if Iran was to invest in its subsidiary Chennai refinery&#8217;s Rs 35,700 crore expansion, its Chairman Sanjiv Singh said.<\/p>\n<p>IOC plans to pull down the 1 million tonnes per year Nagapattinam refinery of its subsidiary Chennai Petroleum Corp Ltd (CPCL) and build a brand new 9 million tonnes unit in the next five to six years. <\/p>\n<p>&#8220;National Iranian Oil Co (NIOC), which holds 15.4 per cent stake in CPCL, is keen to participate in the expansion project,&#8221; Singh said.<\/p>\n<p>Following US decision to reimpose economic sanctions on Iran, IOC will examine the impact of NIOC investing further in CPCL.<\/p>\n<p>&#8220;We are evaluating that,&#8221; he said when asked about the impact of US sanctions on NIOC investing further in CPCL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s top refiner Indian Oil Corp (IOC) will evaluate the implications of US sanctions if Iran was to invest in its subsidiary Chennai refinery&#8217;s Rs 35,700 crore expansion, its Chairman Sanjiv Singh said. IOC plans to pull down the 1 million tonnes per year Nagapattinam refinery of its subsidiary Chennai Petroleum Corp Ltd (CPCL) and build a brand new 9 million tonnes unit in the next five to six years. &#8220;National Iranian Oil Co (NIOC), which holds 15.4 per cent stake in CPCL, is keen to participate in the expansion project,&#8221; Singh said. Following US decision to reimpose economic sanctions [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-275153","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=275153"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275153\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}