
Iran Focus
London, 17 Sep – Indian oil refiners will reduce their monthly imports of crude from Iran by roughly half for the months of September and October as the country tries to obtain waivers from US sanctions targeting Iran that are due to go into place in November.
India’s oil imports from Iran will drop to less than 12 million barrels in September, and again in October, after four months of increased purchases in anticipation of the reduction.
India is Iran’s second-biggest oil importer behind China, and does not recognise the US sanctions, but will still have to obey them, if it is unsuccessful in getting a waiver, or risk being cut off from the US financial system. The waivers won’t be easy to get either.


