October 16, 2018 / 3:57 AM / 6 months ago

MRPL expects India to get waiver from U.S. sanctions on Iran this month - official

NEW DELHI, Oct 16 (Reuters) - India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) expects India to get a waiver from U.S. sanctions on Iranian oil exports this month, a company official said on Tuesday.

The company will also look at buying Iraqi oil to replace Iranian oil, said MRPL Managing Director M. Venkatesh on the sidelines of the IHS CERA conference, adding that the company has already made some payments in rupees to Iran for oil. (Reporting by Nidhi Verma and Promit Mukherjee; Writing by Sudarshan Varadhan; Editing by Christian Schmollinger)

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