India Essar's May Iran imports down over 70 pct- Trade
Reuters / Nidhi Verma
08-Jun-2012
June 8 (Reuters) - India's Essar Oil, one of Iran's key Indian clients, has significantly reduced purchases from the santions-hit nation in May and switched to Latin American grades, which accounted for about a third of its overall imports during the month, tanker discharge data made available to Reuters show.                         Indian refiners cut imports from Iran by 38 percent in May from a year ago, in a second month of steep reductions as they switch suppliers to cushion the impact of tighter western sanctions on Tehran. >>>
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