The Jerusalem Post annual conference: 7 Israeli ministers will meet you there!
India set to halt Iran oil imports over insurance
ByREUTERS
March 8, 2013 12:50

India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on Friday.

India is Iran's second-largest buyer, taking around a quarter of its oil exports worth around $1 billion a month.

"If cover is not available then all Indian refiners will have to halt imports from Iran or else they will have to take a huge risk," P.P. Upadhya, managing director of Mangalore Refinery and Petrochemicals Ltd, told Reuters in a telephone interview. MRPL is India's biggest buyer of Iran crude.

Share this article via
from around the web
Related Content
Breaking news
February 27, 2017
Security forces neutralize suspected terrorist at Kalandia checkpoint

By JPOST.COM STAFF

Top Stories
Israel Weather
  • 13 - 25
    Beer Sheva
    14 - 22
    Tel Aviv - Yafo
  • 15 - 22
    Jerusalem
    15 - 23
    Haifa
  • 16 - 31
    Elat
    13 - 25
    Tiberias