Indian State Refiner To Buy Iranian Oil If Iran Offers Price Discounts ...Middle East

Bharat Petroleum Corporation Limited (BPCL), a state-controlled Indian refiner, could resume buying crude from Iran once U.S. sanctions are lifted, but it would only do so if the Islamic Republic sells its oil at a discount to make it more attractive, an official at the Indian company told Reuters on Thursday. Without U.S. sanctions and with Iranian price concessions, BPCL could return to buying 2 million tons of crude from Iran per year, as it did before the sanctions. Yet, BPCL does not plan to raise its imports from Iran too much over that figure,…

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