Reliance is reportedly transporting gasoline into Iran through Petronas. This becomes a dispute as the Indian refiner has previously instructed traders not to transport its gasoline into Iran following President Barack Obama new push toward international sanctions against Iran.
Reliance has been seen to be prepared not to become a prime target for US legislators which may result into potential punitive measures by the United States.
Petronas would be the second firm after Kuwait’s fuel supplier IPG making deliveries into Iran. It is possible that Petronas through its subsidiary Petronas Trading Corporation (Petco) is selling Reliance gasoline cargo through another trader which may have excluded the additional clause.
Reliance has been seen to be prepared not to become a prime target for US legislators which may result into potential punitive measures by the United States.
Petronas would be the second firm after Kuwait’s fuel supplier IPG making deliveries into Iran. It is possible that Petronas through its subsidiary Petronas Trading Corporation (Petco) is selling Reliance gasoline cargo through another trader which may have excluded the additional clause.
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