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,…Indian State Refiner To Buy Iranian Oil If Iran Offers Price Discounts
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