India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) expects India to get a waiver from U.S. sanctions on Iranian oil exports this month, a company official said on Tuesday.

The company will also look at buying Iraqi oil to replace Iranian oil, said MRPL Managing Director M. Venkatesh on the sidelines of the IHS CERA conference, adding that the company has already made some payments in rupees to Iran for oil.

(Source: Reuters)