Bharat Petroleum Corporation Limited (BPCL), the state-owned oil refiner, has initiated conversations with suppliers in Iran to get ready for potential crude oil imports, as stated by Finance Director Vetsa Ramakrishna Gupta to Moneycontrol. The firm is currently waiting for more information regarding a potential US-Iran deal that might result in the removal of sanctions. At present, the US has provided Iran with a 60-day exemption, which permits oil exports to continue through August 21.

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