Bloomberg | Ganesh NagarajanandDebjit Chakraborty: Iran will invest about 15 billion rupees to expand a refinery run by Chennai Petroleum Corp. in south India, the companys managing director said, amid U.S. sanctions on the Persian Gulf nation that have severely hit its oil exports. The state-run company is boosting capacity at its Nagapattinam ...

MNA Indias biggest refiner Indian Oil Corp Ltd said on Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries. Indian Oils chairman Sanjiv Singh said that Iran has not ruled out participating in the expansion at Chennai Petroleum Corp Ltd, a south India-based 20,000 barrels per day (bpd) refinery, Reuters ...

TEHRAN (Tasnim) Chennai Petroleum Corp. (MRL), a unit of Indias largest refiner, plans to resume crude oil imports from Iran after a two-year hiatus as insurers return to the market. This year, we plan to restart Iran oil purchases, MRL Managing Director S. Venkataramana was quoted by Bloomberg as saying. We are already talking to the re-insurers ...