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Govt set to buy Iran oil for emergency reserves

NEW DELHI: The government is set to buy 6 million barrels of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates’ national

Published on: Sep 21, 2016, 10:24:57 IST
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NEW DELHI: The government is set to buy 6 million barrels of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates’ national oil company were stuck over terms, industry sources said. Iran is looking to regain market share after sanctions imposed over its disputed nuclear programme were lifted.

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