Iran exporting 350,000 bpd oil to India, hopes for more - Shana | Reuters - Firstpost
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Iran exporting 350,000 bpd oil to India, hopes for more - Shana | Reuters

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DUBAI Iran is exporting around 350,000 barrels of crude oil a day to India, Oil Minister Bijan Zanganeh was quoted as saying on Saturday after meeting Indian counterpart Dharmendra Pradhan.

The Shana news agency, linked to Iran's oil ministry, quoted Zanganeh as saying Indian oil purchases from Iran were at 350,000 barrels a day, and that "we hope this number will increase now that sanctions have been lifted".

Zanganeh added that Indian companies were looking to invest in oil, gas and petrochemical projects in Iran, but that reaching deals was "a difficult task and needs time".

(Reporting by Sam Wilkin; Editing by Mark Heinrich)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Apr 9, 2016 15:30 IST

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