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Business Economy India

Iran Left With Just 2 Oil Clients In India After Firm Cancels Imports

With Chennai Petroleum’s absence, Iran is left with just two Indian clients, Managalore Refinery and Petrochemicals Ltd, and Indian Oil Corporation. Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. […]