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 ...

Indias Minister of Petroleum and Natural Gas M. Veerappa Moily says his country will continue to import crude oil from Iran despite illegal US-engineered embargoes against the Islamic Republic's oil and financial sectors. "As far as Iran is concerned, there are a lot of constraints, but at the same time, within the constraints, we are importing the ...

Proposal will help New Delhi save on foreign exchange as it pays Tehran in rupee As its current account deficit widens and the value of the rupee dwindles, India plans to increase crude oil imports from Iran so as to save $8.5 billion in foreign exchange. Petroleum and Natural Gas Minister Veerappa Moily has sent the proposal to Prime Minister ...

State-owned Indian Oil Corp (IOC) plans to cut crude oil imports from Iran by over 23 per cent in the current year, Petroleum Minister M. Veerappa Moily said today. IOC imported 1.566 million tonnes of oil from Iran in the 2012-13 financial year. For the year beginning April 2013, it has entered into a term contract for import of 1.2 million tonnes ...

Iran Oil Ministry spokesman says New Delhi is in talks with Tehran to join the multi-billion-dollar pipeline which Iran is building to export natural gas to the neighboring Pakistan. Since India has been motivated by Pakistans seriousness in building the [Iran-Pakistan] peace pipeline, New Delhi is negotiating to join the project, Alireza Nikzad-Rahbar ...