India’s oil buyers have said they will cut their imports from Iran in a bid to exert pressure on Tehran over a dispute concerning the development of the Farzad B gas field, according to a Hart Energy report.
State-run refiners Indian Oil Corp. and Mangalore Refinery and Petrochemicals, which are the largest buyers of Iranian crude, will reduce imports from Iran to 4 mtpa in 2017-2018 from 5 mtpa in the previous year.
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