Shafaqna India: India on Saturday, for the first time, acknowledged that domestic refiners had sourced crude oil from Iran amid ongoing supply disruptions in West Asia, while also confirming the arrival of an Iranian LPG cargo at Mangaluru.Officials in the Ministry of Petroleum and Natural Gas said India, which imported crude from over 40 countries, allowed refiners full flexibility to procure oil based on commercial considerations and prevailing market dynamics.
“Amid West Asia supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran. There is no payment hurdle for Iranian crude imports, contrary to rumours being circulated,” officials said.
The statement marks the first formal indication that Iranian crude may be re-entering India’s energy basket after a gap of nearly seven years, following the disruption of supplies in 2019 due to US sanctions.
Reassuring markets, the government said India’s crude oil supplies remained “fully secured” for the coming months despite heightened volatility in the region.
