Essar Oil says it will continue import of crude from Iran

Mumbai, Apr 12: Essar Oil, which sources three- million barrels per month of crude from Iran, on Tuesday, Apr 12 said that it will continue to import crude from Iran in the coming days.

"Crude supplies from Iran is normal and there is no disruption. We will continue to import crude oil from Iran in the coming days," Essar Oil's Chief Executive Officer stated.

Essar Oil's fourth quarter (January-March) net profit surged 78 percent year-on-year to Rs 321 crore, driven by strong sales and higher gross refining margins.

The quarterly sales rose 27.4 percent year-on-year to Rs 13, 564 crore, and gross refining margin was USD 8.15 per barrel compared to USD 5.37 last year.

PTI