Indian oil companies Indian Oil and Mangalore Refinery and turkey have both signed contracts worth a further 9 million barrels to import Iranian crude next month , according to inside ##rs . The announcement comes despite impending US sanctions against Iran , set to come into force on 31 November , and with no clarity on whether India will receive a waiver from the US . turkey is the world 's third largest importer of crude oil and is Iran 's top client after China .
Indian oil refiners Indian Oil and Mangalore Refinery and Petrochemicals have both signed contracts worth a combined 9 million barrels to import Iranian crude next month, according to inside sources. The announcement comes despite impending US sanctions against Iran, set to come into force on 4 November, and with no clarity on whether India will receive a waiver from the US. India is the world's third largest importer of crude oil and is Iran's top client after China.