CPC defying sanctions against Iran?

Thursday, 24 April 2014 00:30 - - {{hitsCtrl.values.hits}}

Oil trade is abuzz with speculation that CPC is yet again trying to purchase Iranian crude at the risk of US sanctions. Sources said a supplier with questionable credentials had submitted an alluring bid at CPC tender this week fuelling speculation that the CPC is prone to be gullible at great national risk.Analysts expect saner counsel to prevail at CPC or at the Government level to avert an economic embarrassment.

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