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India plans fund to give insurance to refiners using Iran oil

Last Updated: Sunday, March 24, 2013, 17:26

India plans to set up a special fund to provide insurance to refineries after European re-insurers refused to cover units that process oil imported from Iran.

India may cut oil import from Iran by 27%

Last Updated: Monday, March 18, 2013, 15:28

India may slash import of crude oil from Iran by as much as 27 percent this fiscal because US and European sanctions have made it difficult to ship oil from the Persian Gulf nation.