India readies oil strategy as US sanctions on Iran near
(WorldNews Business)

New Delhi: India has devised an alternate oil sourcing strategy to counterbalance the full might of US sanctions as and when they come into force if New Delhi continues to buy crude from Iran post-November 4. As per the plan, state-owned oil companies, including Indian Oil Corporation (IOC), propose to fully utilise their optional volumes built in their annual crude oil purchase contracts with suppliers...