Articles by Nidhi Verma

India Set to Halt Iran Oil Imports over Refinery Insurance Coverage

India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on Friday. India …

Sources Say Iran Charters Oil Tanker with Indian Insurance

A loophole in an Indian insurance scheme has allowed Iran’s state-run tanker company NITC to bolster oil exports by chartering a vessel insured by India’s state-run firms, industry and shipping sources said on Tuesday. European Union and U.S. sanctions to …

Asia’s Iran Crude Oil Imports to Regain Levels Prior to EU Insurance Ban

Asia’s crude imports from Iran are set to recover in September to levels reached before a July 1 insurance ban by the European Union plunged trade with the Islamic Republic into uncertainty not seen in decades. Top Asian buyers — …