Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

India: Insurance pool for Iranian crude likely to be formalized by December 2013

November 13, 2013 Reprints

A 20 billion Indian rupees ($312.6 million) insurance pool, which will cover refineries processing Iranian crude oil, is expected to be formalized by December 2013, Business Standard reported.

The petroleum ministry and the finance ministry would contribute around INR 10 billion ($156.3 million) each.

An official of Hindustan Petroleum Corp. Ltd. said the company may start importing crude oil from sanctions-hit Iran, if the issue over insurance is resolved.

Help

India: Insurance pool for Iranian crude likely to be formalized by December 2013

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources