{"id":416020,"date":"2021-05-20T10:24:20","date_gmt":"2021-05-20T04:54:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416020"},"modified":"2021-05-20T11:08:49","modified_gmt":"2021-05-20T05:38:49","slug":"indian-european-refiners-get-ready-to-buy-iranian-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-european-refiners-get-ready-to-buy-iranian-oil\/","title":{"rendered":"Indian, European refiners get ready to buy Iranian oil"},"content":{"rendered":"<p>NEW DELHI\/LONDON : Indian refiners and at least one European refiner are re-evaluating their crude purchases to make room for Iranian oil in the second half of this year, anticipating that US sanctions will be lifted, company officials and trading sources said. <\/p>\n<p>Former US President Trump abandoned the 2015 Iran nuclear deal and reimposed sanctions on Tehran in late 2018. <\/p>\n<p>Until then, Europe and Turkey had consumed close to 500,000 barrels per day (bpd) of Iranian oil. India, Iran&#8217;s biggest client after China, was buying as much as 480,000 bpd in the fiscal year beginning April 2018. <\/p>\n<p>At least one European refiner has held in-depth discussions with Iran&#8217;s state oil firm NIOC on resuming purchases and Indian refiners say they plan to reduce spot purchases to make way for Iranian contract barrels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI\/LONDON : Indian refiners and at least one European refiner are re-evaluating their crude purchases to make room for Iranian oil in the second half of this year, anticipating that US sanctions will be lifted, company officials and trading sources said. Former US President Trump abandoned the 2015 Iran nuclear deal and reimposed sanctions on Tehran in late 2018. Until then, Europe and Turkey had consumed close to 500,000 barrels per day (bpd) of Iranian oil. India, Iran&#8217;s biggest client after China, was buying as much as 480,000 bpd in the fiscal year beginning April 2018. At least one [&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":[139,130,187],"tags":[],"class_list":["post-416020","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416020","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=416020"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416020\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}