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April 5, 2013       Share:    

Source: http://www.bloomberg.com/news/2013-04-04/india-to-set-up-insurance-fund-for-refiners-of-iranian-crude.html

India to Set Up Insurance Fund for Refiners of Iranian Crude

(Bloomberg) Siddhartha Singh - India will set up an insurance fund worth $364 million to cover refiners buying Iranian crude, a move that may help them continue purchasing from Iran. The fund, to be managed by India's General Insurance Co., will start after the refiners contribute money to it, Indian Banking Secretary Rajiv Takru said in New Delhi Thursday.

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