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Indian refiners look beyond Iran for oil

07/25/2011
Eric WatkinsOil Diplomacy EditorIndian refiners, faced with Iran's uncertain ability to provide adequate levels of oil supplies, say they are now looking to Kuwait, Saudi Arabia and the UAE for increased shipments of crude oil.Mangalore Refinery & Petrochemicals Ltd. (MRPL), India's biggest buyer of Iranian oil, said the availability of Iranian crude "may be difficult" and that supply "may not continue" indefinitely.MRPL attributed potential disruptions in supplies from Iran as due largely to the continuing sanctions regimes imposed on Tehran by the US, the European Union, and the United Nations.MRPL said it also is facing difficulty in remitting the payments again...
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