India has dismissed reports of payment issues with Iran for crude imports, stating that refiners continue to source oil from the country, as well as from a wide range of global suppliers.
The Ministry of Petroleum and Natural Gas clarified that changes in vessel destinations during transit are common in global oil trade, and that the claims on vessel diversion ignore how the oil trade works.
India imports crude oil from 40 countries, with companies having full flexibility to source oil from different sources and geographies based on commercial considerations.
Amid Middle East supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran, and there is no payment hurdle for Iranian crude imports, contrary to the rumours being circulated.
