Reuters - Iran's key Indian client Nayara Energy, formerly known as Essar Oil, imported nearly 12 percent more oil from Tehran in April compared with a year ago, according to data from the shipping industry and sources. Nayar shipped in about 175,000 barrels per day (bpd) of oil from Iran in April, an increase of 32 percent from March, the data ...

Reuters - Essar Oil, a key Indian client of Tehran, more than doubled oil imports from Iran in February compared with the previous month, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters Eikon terminal. Essar shipped in about 246,600 barrels per day (bpd) of oil from Iran last month, ...

Indian oil companies have agreed to pay the interest although we believe no interest is due, a Finance Ministry official said. India has agreed to pay Iran an interest of 1.5% on $6.5-billion (nearly Rs 43,242.9 crore) that refiners like Essar Oil and Mangalore Refinery (MRPL) owe it in oil dues, as a 'goodwill gesture'. Iran had sought ...

Second payment since Persian Gulf nation reached a historic nuclear deal with western powers India on October 12 will pay another $700 million to Iran to clear part of past oil dues, the second payment since the Persian Gulf nation reached a historic nuclear deal with western powers. Essar Oil, Mangalore Refinery and Petrochemicals Ltd (MRPL),...

Essar Oil, Iran's key Indian client, imported 6.3 percent less oil from Tehran in 2014/15 as it reduced shipments in the first quarter of this year, according to tanker arrival data obtained from trade sources and assessed by Thomson Reuters Oil Analytics. Last month Essar for the first time skipped purchases from Iran in 3-1/2 years after an oil ...

[caption id="attachment_93565" align="alignright" width="184"] The MRPL refinery in the Indian state of Mangalore. (File photo)[/caption] NEW DELHI, March 2 (Reuters) -Indiaslashed its Iranian oil imports in February to a 1-1/2-year low to keep annual volumes from Tehran near the previous fiscal year's levels and within the limits allowed under ...

(Reuters) - Essar Group, a $39 billion Indian conglomerate, is looking to tap frozen Iranian oil revenues to pay for itssteelexports to Tehran, in a novel attempt to work around Western financial sanctions against the OPEC member state. The National Iranian Oil Company (NIOC) proposed the payment mechanism in August, potentially opening a new way ...

Tehran, Oct 18, IRNA - India will pay Iran $900m in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation. This payment will be on top of $1.65b it had paid in June/July to clear more than one-third of over $4b in dues that had accumulated, PTI reported. Indian refiners, namely Mangalore ...

Daily look at Iran's late-breaking news and upcoming events:   Iran blasts US judiciary for issuing verdict against Alavi non-governmental charity fund Iranian Foreign Ministry Spokeswoman Marziyeh Afkham underscored that the Alavi Charity Fund has nothing to do with the Iranian government, and described the US courts verdict to confiscate ...

Indian private refiner Essar Oil imported six times more crude oil from the Islamic Republic in March 2014 compared to March 2013 following a jump in shipment volumes in the final quarter of the period, a report says. Irans top Indian client shipped in about 231,100 barrels per day (bpd) of Iranian crude in March 2014. The figure marked a growth of ...

NEW DELHI: India's imports of Iranian crude tumbled about a fifth in the fiscal year ended in March, despite a surge of shipments in recent months that came after a deal easing sanctions on Tehran. The Geneva agreement struck between Iran and six world powers in November and implemented for six months from Jan. 20 eased some restriction on Tehran's ...

REUTERS - Essar Oil (ESRO.NS), a key buyer of Iranian oil, in January sharply raised imports from the Islamic state and also became the first Indian refiner to ship in the Brazilian heavy grade Polvo, tanker arrival data showed. India's oil imports from Iran more than doubled in January from a month earlier after sanctions on Tehran were eased due ...

TEHRAN (FNA)- Indias crude oil imports from Iran hit 4.681 million barrels in August showing 425 percent growth in comparison with July, media reports said. India imported 151,000 bpd of Iranian crude last month, while it imported 35,500 bpd in July, when only Indias Essar Oil Refinery purchased crude from Tehran. The volume of Indias import ...

(Reuters) - Iraqi Prime Minister Nuri al-Maliki expects to finalise a deal to sell India more crude oil during a visit to New Delhi over the next few days, Maliki said on Thursday. Iraq was India's biggest supplier of crude in June, pipping Saudi Arabia to the top slot, while imports from Iran, which used to be India's second-biggest supplier, have ...

After two daysfeaturing the regimes all-is-well propagandaon oil production and exports, we turn to the other side of the story this morning. Arab Petroleum Investments (Apicorp) said on Friday that, amid declining exports and US-led sanctions, Iran needs an oil price of $144 per barrel to balance its Government budget this year. The benchmark ...

TEHRAN (FNA)- India continued crude imports from Iran despite the harsh western sanctions imposed against the oil-rich country. Indias crude oil imports from Iran have increased by 21.1 percent in June 2013 compared to a year earlier despite the US-led sanctions imposed on the Islamic Republic's energy and financial sectors, recent data showed....