17.07.2015 - Iran Faces Battle to Win Back Asia Oil Market Share
Iran may be hoping to claim back its share of Asia’s oil market now that the nuclear accord signed this week cleared the way to ramp up exports. But the competition is already getting tougher across the region. Take India. The country has long been a key market for Iran’s National Iranian Oil Co., or NIOC. But last week, one of NIOC’s biggest customers, Essar Oil signed a 10-year crude purchase agreement with Russia’s largest oil exporter Rosneft, which will also take a 49% stake in the Indian refiner...............................................Full Article: Source
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