Latest market data show India has drastically increased oil imports from Iran-- in a clear proof of Iran\'s success in defying sanctions that have targeted its oil trade.
Figures show India imported about 200-thousand barrels per day of Iranian oil in September. This is roughly twice... Show More >>
Latest market data show India has drastically increased oil imports from Iran-- in a clear proof of Iran\'s success in defying sanctions that have targeted its oil trade.
Figures show India imported about 200-thousand barrels per day of Iranian oil in September. This is roughly twice the figure for August. Earlier, similar market data showed that Iran had succeeded in becoming the top oil exporter to China in September after a series of slowdowns over the past months. Iran\'s Petroleum Minister Bijan Namdar Zanganeh had earlier said that serious plans were on agenda to boost the country\'s oil exports by four times. That would be in the face of illegal sanctions by the U-S and its allies that primarily target Iran\'s oil trade.
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