Indian Oil Sees No Impact from U.S. Sanctions on Refinery JV Investment with Iran
Indian Oil Corp.'s planned $5.10 billion expansion of its unit Chennai Petroleum , partly owned by Iran, is not expected to be hit by U.S. sanctions against Tehran, Chairman Sanjiv Singh said on Monday.Chennai Petroleum plans to invest up to 356.98 billion rupees to replace its 20,000 barrel…
U.S. Considers Venezuela Oil Sanctions
The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a U.S. official said. With Maduro running for another term in an April election that Washington and its allies oppose as a sham…
