According to the tanker discharge data, Iran’s crude exports to India rose to 294,400 barrels per day in September, Reuters reported on Thursday.
The hike in Iran’s crude sales came after Mangalore Refinery and Petrochemicals Limited resumed purchasing normal volumes from Tehran following a two-month gap in transactions.
At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran’s oil and financial sectors to prevent other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran. The sanctions entered into force in early summer 2012.
On October 15, the EU foreign ministers reached an agreement on another round of sanctions against Iran.
Western sanctions have been imposed on Iran based on the false allegation that Iran pursues military objectives in its nuclear energy program.
Iran rejects the claim noting that as a member of International Atomic Energy Agency and a committed signatory to Non-Proliferation Treaty it is entitled to use nuclear energy for peaceful purposes.
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