Chairman of Indias state-run Hindustan Petroleum Corp suggests that the country would not hesitate to resume crude imports from Iran once the United States eases its bans on Tehran and allows shipments be purchased by Indian refineries.
Iranian crude had been in the (import) basket of Indian refineries ... we will be happy to take that crude as ...
India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after Joseph Biden becomes president of the United States, Oil Minister Dharmendra Pradhan said on Wednesday.
As a buyer I would like to have more buying places. I should have more destinations to go for purchasing (oil), Pradhan said in response ...
MNA India's Ambassador to US said the decision of the United States to stop issuing waivers for the purchase of Iranian oil has hurt India's bottom line.
The decision of the United States to stop issuing waivers for the purchase of Iranian oil has hurt India's bottom line and New Delhi hopes that Washington will show similar flexibility in issues ...
The Print - New govt plans to hold talks with Iran at the earliest to discuss ways to resume oil imports and is even looking to pay in Indian currency.
Weeks after India stopped oil imports from Iran, the Modi government is keen to resume supply from the Middle Eastern country and is looking at ways to make payments in Indian rupee to get around ...
Business Standard - The investment plan of ONGC Videsh (OVL) on Irans Farzad-B gas field in the Persian Gulf seems to have been put on the back burner, with banks and operators having expressed concern about sanctions by the US.
A source said a deal was expected to be signed on September 15 last year but got postponed after a European and an Australian ...
MNA India said on Thursday it was engaged in talks with the US over extending a waiver beyond May 4 for the import of Iranian crude, according to local news outlets.
"We are engaged [in talks] with the US....The important thing is that we will continue our engagement with the US on the issue," New Delhi-basedNDTV quoted IndianMinistry ...
Tehran Times - India imported 270,500 barrels per day (bpd) of oil from Iran in January, ship tracking data reviewed by Reuters showed.
The U.S. imposed new sanctions on Irans oil sector in November but gave a six-month waiver to eight countries, including India, which allowed them to import some Iranian oil.
India is restricted to buying 300,...
MNA India will not share the limited supply of Iranian crude allowed under a US waiver from sanctions with private refiners, according to the sources.
The government has asked its four state refiners led by Indian Oil Corp. to share the entire 9 millions barrels of Iranian oil available every month under a 180-day waiver from US sanctions, the ...
Reuters - India has begun paying Iran for oil in rupees, a senior bank official said on Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November.
Washington gave a six-month waiver to eight countries, including India, allowing them to import some Iranian oil.
India, the worlds third biggest oil ...
MNA Iranian crude in the global market is extremely important for sustaining a balance in oil trade, says Sanjiv Singh, chairman of Indian Oil Corporation Ltd.
India is one of the largest consumers of crude oil and since Iran has been one of the key suppliers, the country hopes the US will extend sanctions waiver, Singh said, Hindu Business Line ...
MNA Indias ambassador Saurabh Kumar said on Saturday that his country will continue importing Iranian oil with the help of the new payment mechanism agreed between the two sides.
Kumar told ISNA that Indias oil imports from the Islamic Republic has not been cut, and the country has been purchasing an average of 1.25 million tons of crude oil from ...
Reuters - Indias monthly oil imports from Iran plunged to their lowest in a year in November with Tehran dropping two places to become only the sixth biggest supplier after New Delhi cut purchases due to the impact of U.S. sanctions, according to ship tracking data and industry sources.
Last month, the United States introduced tough sanctions aimed ...
S&P Global Platts - Russian crude oil exports to India are set to increase in the near future, and could become more attractive when the US waiver for purchasing Iranian crude expires, Vice Chairman of Essar Group Ravi Ruia said Wednesday.
Ruia's Essar Group reached a deal in 2017 to sell 98.26% of Essar Oil to a consortium including Rosneft,...
Press TV - India has reported a whopping jump in oil imports from Iran in October in face of US sanctions that officials in Washington earlier said were meant to bring the Islamic Republics crucial sales of oil to zero.
Indias official figures show the country imported as much as 2.57 million tonnes of oil worth an overall of $1.42 billion from ...
Reuters - Indias biggest state-owned crude oil refiner Indian Oil Corp Ltd aims to lift full volumes under its 2018/19 annual contract with Iran, a company official said on Thursday.
The company has a deal to buy 180,000 barrels per day (bpd)Iranian oil this fiscal year.
He said Indias overall oil imports from Iran could surpass last years level....
Press TV - India and Iran are finalizing details of a mechanism which will allow New Delhi to pay for Iranian oil in rupees. India says the arrangement will help India avoid the impacts of Washingtons unilateral sanctions. Our correspondent Sanjay Sethi has more.
IRNA - Indian oil minister said that in order to revive the trade mechanism in rupee, his country will soon sign an agreement with Iran in which New Delhi will use the rupee to trade with Tehran.
BTVI TV network of India reported in a tweet that Indian Oil Minister Dharmendra Pradhan announced Wednesday that he will sign an agreement with Iran on ...
Tasnim Indian oil companies will continue to import about 2.5 million tons of oil a month till March from Iran, Indian sources said.
Indian sources indicated that an official announcement could come over the next few days regarding the waiver that was granted by the US which would allow Indian oil companies to continue to import oil from Iran until ...
The Diplomat | Zoe Leung and Hari Prasad: Though President Donald Trumpsdecisionto withdraw the United States from the Iran nuclear deal has embittered its European allies, it was welcomed by Irans rivals in the Middle East in particular, U.S. alliesSaudi ArabiaandIsrael. U.S. economic sanctions on Iran are expected to go back into full force by November ...
Reuters - Indias 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 United States plans to impose new sanctions targeting Irans oil sector on Nov. 4 to try to stop the countrys involvement in conflicts in Syria and Iraq and ...
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