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India says it has 'robust plan' to guarantee oil supply

April 25/2019

MOSCOW (MRC) -- India said its refineries will have adequate oil supplies, thanks in part to imports from other producers, despite the United States demand that buyers of Iranian oil stop purchases by May 1 or face sanctions, said Hydrocarbonprocessing.

"There will be additional supplies from other major oil producing countries from different parts of the world, Indias Ministry of Petroleum and Natural Gas said in a statement on Tuesday, adding it had a robust plan in place to ensure supply.

"The Indian refineries are fully prepared without any problem to meet the national demand for petrol, diesel and other petroleum products in the country."

As MRC  informed earler, Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member. In November, US President Donald Trump withdrew from the 2015 Iran nuclear deal and re-imposed broad economic sanctions.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, India.
Category:General News
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