HPCL cancels Iran oil shipment after insurer excludes coverage
Nidhi Verma, Reuters
July 26, 2018
Who was cited:
Senthil Kumaran, Senior Oil Analyst FGE
India's Hindustan Petroleum Corp (HPCL) cancelled the purchase of an Iranian oil cargo earlier this month after its insurance company refused to provide coverage for the crude because of U.S. sanctions, three sources with knowledge of the matter said.