Reuters - India is in talks with the United States to extend a waiver on sanctions imposed on Irans crude oil exports, a senior Indian official said on Thursday. India, Irans second-biggest oil customer after China, has already reduced its intake of Iranian oil but has not decided whether to end purchases completely. We are talking to the U.S....

Reuters - Indias finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters. The exemption, put in place December 28 but backdated to November 5, will allow Indian refiners to settle about $1.5 billion of outstanding ...

Business Standard - Iran, historically, has been a key supplier of crude for India, says Sunjay Sudhir, joint secretary for international cooperation at the Ministry of Petroleum and Natural Gas Indian public sector companies have already placed orders with Iran for crude oil supply during November, a senior government official said on Friday. "Our ...