Two Indian companies to buy Iranian oil in November: Oil Minister Pradhan

New Delhi: Two Indian companies have placed orders to buy Iranian oil in November, oil minister Dharmendra Pradhan said on Monday, adding that India does not yet know if it will be granted a waiver from US sanctions on Iran.

India, the world’s third-biggest oil importer, will buy 9 million barrels of Iranian oil in November, Reuters reported on Friday, citing two industry sources. India was discussing its options to buy Iranian oil with all authorities, Pradhan said. US sanctions on Iranian oil purchases are due to take effect on November 4.