Optimistic of getting another waiver from US sanctions: IOC Chairman

Reuters Mumbai | Updated on January 16, 2019 Published on January 16, 2019

Sanjiv Singh, Chairman Indian Oil Corporation   -  File photo

Indian Oil Corporation (IOC) Chairman, Sanjiv Singh, said that he is optimistic about getting another waiver from the United States (US) sanctions regarding the oil imports.

Singh also explained that the oil company may raise approximately $5-$6 billion from overseas markets.

When asked about the decision to halt the oil imports from Iran, Singh said that it is a tough call.

Published on January 16, 2019
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