The government refuted claims that an Iranian crude oil cargo was redirected from Vadinar, India to China due to payment issues. The Ministry of Petroleum and Natural Gas clarified that reports suggesting India lost an Iranian oil shipment are untrue. India imports oil from various countries, and companies can choose suppliers based on commercial requirements.
Recent reports alleged that a US-sanctioned tanker carrying Iranian crude changed its route from Vadinar to Dongying, China. Market analysts speculated that stricter payment terms might have prompted this diversion. However, the government dismissed these claims, emphasizing that there are no payment obstacles for importing crude oil from Iran.
Despite supply disruptions in the Middle East, Indian refiners have secured their crude oil needs for the upcoming months, including from Iran. The ministry explained that vessel diversions are common in oil trade, with destinations subject to change for trade optimization. Addressing separate reports on LPG supplies, the government confirmed the arrival of an Iranian LPG vessel in Mangalore for unloading.
