
By Jubin Katiraie
The US sanctions on Iranian oil exports have forced a major purchaser of Iranian crude to buy their oil from Saudi Arabia and the US instead.
Sanjiv Singh, head of the state-run refiner Indian Oil Corporation, said that it was a “collective decision” to end imports from Iran, made with input from the government to ensure the best interests of India. He said India will likely become more even reliant on other countries for its energy needs.


