Supply & Demand

Iran ready to share resources with India – Rouhani

Iran is ready to share its natural resources with India, Iranian President Hassan Rouhani said during a visit to India on Friday
By Staff reporter 19 February 2018 0 29636

Iran is ready to share its natural resources with India, Iranian President Hassan Rouhani said during a visit to India on Friday, according to Oilprice.com.

Iran is a major exporter of crude oil to India, and Indian oil demand is growing strongly – with imports hitting 4.93 million barrels per day in January. However, India is seeking to reduce its reliance on imported oil and aims to cut its intake by 20% by the end of March 2018.

There are also plans for an...