BPCL seeks a million extra barrels of Iran oil amid threat of sanctions


Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the National Iranian Oil Co. (NIOC) for June, two industry sources said, amid a looming threat of stringent U.S. sanctions. The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November U.

S. deadline for re-imposing sanctions on the country's petroleum sector. Uncertainties cloud Iran's oil exports after U.S. President Donald Trump abandoned a 2015 nuclear agreement this month and.

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