Refiners in South Korea and Japan said they have no immediate plans to boost crude purchases from Iran while Indian processors intend to maintain contracted volumes after the EU lifted a ban on insuring tankers. It’s still too early to say whether SK Innovation Co. (096770) , South Korea’s largest refiner, will increase purchases, Lee Mi Ji, a spokeswoman in Seoul , said by phone. Japan’s Showa Shell Sekiyu K.K. doesn’t plan to change its supply deals for the time being, according to the company. Indian Oil Corp., Hindustan Petroleum Corp. and Mangalore Refinery & Petrochemicals Ltd. said that while the removal of restrictions will enable them to import contracted volumes more easily, they don’t intend to buy more than previously planned. “Insurance was an issue, but the key point is that there is no lifting of current restrictions on Iranian crude, they just remain the same,” said Neil […]