 "Subhash Chandra Garg")
India will continue to buy Iranian oil "to some extent" in November though the imports will be sharply lower than its purchases in the April-September period, Economic Affairs Secretary Subhash Chandra Garg told CNBC TV18 news channel.
New Delhi has not yet worked out a payment mechanism for continued purchase of Iranian oil, he added.
India has already placed an order to buy 9 million barrels of Iranian oil next month despite US sanctions against Tehran's oil sector coming into force from November 4.
Asserting that trade tensions and rising oil prices are affecting emerging nations, Garg on
New Delhi has not yet worked out a payment mechanism for continued purchase of Iranian oil, he added.
India has already placed an order to buy 9 million barrels of Iranian oil next month despite US sanctions against Tehran's oil sector coming into force from November 4.
Asserting that trade tensions and rising oil prices are affecting emerging nations, Garg on
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