RIL looking at long-term oil supply from Iran
Mukesh Ambani-led Reliance Industries (RIL) is engaged in talks for increasing oil supplies from Iran and could also get into a long-term supply contract with the country, the company's joint Chief Financial Officer V Srikanth said. This follows the lifting of economic sanctions on Iran in January this year. Notably, Iran was India's second biggest oil supplier before the sanctions. 