India’s Iranian Oil Rush Over as Modi and Pence Agree Crude Deal — Panjiva


India’s Iranian Oil Rush Over as Modi and Pence Agree Crude Deal

Energy - Conventional 272 Energy - Crude Oil 194 India 283 Iran 18 U.S. 3297

Talks between Prime Minister Narendra Modi and Vice-President Mike Pence have yielded the potential for an increase oil imports by India from the U.S. That follows America granting a temporary reprieve to India from U.S. sanctions against Iranian oil exports. There’s significant room for increased U.S. exports – India bought $891 million of American oil in the 12 months to Aug. 31 vs. $10.5 billion from Iran. The largest buyers of Iranian crude that have also previously bought oil from the U.S. include Indian Oil, which purchased $2.83 billion of oil from Iran, and Bharat Pet...

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