Economic TimesLean R·
Indian Oil Corp cancels Iraq oil lifting
NEW DELHI: Indian Oil Corp has cancelled the lifting of Iraqi oil from Basrah Oil Terminal due to increased risk and attacks on some vessels transiting through the Strait of Hormuz, three sources familiar with the matter said.State-run IOC was preparing to lift 2 million barrels of Iraqi oil in the very large crude carrier Lila Jamnagar around July 23.Another state refiner, Mangalore Refinery and Petrochemicals Ltd, also cancelled plans to lift oil from Iraq in the Indian-flagged Afram…
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