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 ...

MNA Iranian crude in the global market is extremely important for sustaining a balance in oil trade, says Sanjiv Singh, chairman of Indian Oil Corporation Ltd. India is one of the largest consumers of crude oil and since Iran has been one of the key suppliers, the country hopes the US will extend sanctions waiver, Singh said, Hindu Business Line ...

Bloomberg | Debjit ChakrabortyandUnni Krishnan:One of Irans biggest oil buyers said it has enough alternative sources of crude to replace any supplies cut off by U.S. sanctions on the Persian Gulf state -- even if shipments stop completely. Indian Oil Corp.Chairman Sanjiv Singh says Saudi Arabia alone can cover most of the worlds supply shortfall ...