09 October 2018 Current Affairs:
Petroleum Minister Dharmendra Pradhan said that two Indian state-run oil companies have placed orders for Iranian oil to be delivered in November. The U.S. sanctions targeting Iran’s crude oil exports will come into effect on November 4. The Indian government has repeatedly requested the U.S. government for a waiver of these sanctions for India but has so far not received an affirmative response.
According to the Petroleum Ministry, the two companies in question are Indian Oil Corporation Limited (IOCL) and Mangalore Refinery and Petrochemicals Limited (MRPL), with a total order quantity of 1.25 million tonnes of crude.