India-Iran oil import

 India's oil imports from Iran jump by over a fifth in February

India's oil imports from Iran jump by over a fifth in February

India`s oil imports from Iran rose by over a fifth in February, the first month after a nuclear deal that lifted restrictions on Tehran`s oil exports, preliminary tanker data obtained by Reuters shows.

Mar 03, 2016, 08:19 AM IST

Iran-India officials discuss oil trade issues

Weeks after a historic accord eased restrictions on Iran, a high level Iranian delegation Tuesday discussed with Finance Ministry officials the payment mechanism and shipping arrangements for increased oil trade.

Dec 10, 2013, 18:44 PM IST

Iran, India meeting to discuss oil payments on Tuesday

Indian and Iranian officials are meeting on Tuesday to discuss how to unlock the first oil payments to the Middle Eastern nation since the US and other world powers eased sanctions last month in exchange for curbs to Tehran`s nuclear programme.

Dec 10, 2013, 17:42 PM IST

Iran keen to sell more oil to India, seeks payment resolution

Keen to sell more crude oil to India, Iran's Industry Minister Mohammad Reza Nematzadeh Wednesday sought resolution of payment issues to promote trade between the two nations.

Dec 04, 2013, 21:37 PM IST

India should import more Iran oil: Oil Ministry

Oil accounts for about a third of India's total imports and higher dollar prices combined with a rupee near all-time lows have increased its cost, adding pressure to a bloated current account deficit.

Sep 23, 2013, 18:53 PM IST

India seeks to pay Iran oil bill fully in rupees

Keen to reduce a record current- account deficit by raising oil imports from Iran, India is seeking to restart the mechanism of paying the Persian Gulf nation entirely in rupees.

Sep 12, 2013, 18:50 PM IST

India to explore all options to enhance oil import from Iran

Government on Wednesday said it will explore all options to increase import of crude oil from Iran within the framework of UN sanctions.

Sep 11, 2013, 20:51 PM IST

PMO calls meeting to discuss raising oil imports from Iran

With the rising oil import bill casting a shadow on attempts to rein in a record current account deficit, the Prime Minister's Office has called a meeting to discuss raising crude imports from Iran to curtail dollar payouts.

Sep 09, 2013, 18:17 PM IST

Iran agrees to take all oil payments from India in rupees

Iran has agreed to take payments for oil it sells to India entirely in rupees after US and western sanctions blocked all other payment routes.

Jul 14, 2013, 18:05 PM IST

India to buy oil from wherever it gets 'best deal'

Refusing to "lay down a quota" for importing oil from any country, including Iran which is facing strict financial sanctions imposed by the UN and the US, India on Wednesday made it clear that it will buy oil from wherever it "gets the best deal".

Apr 10, 2013, 19:38 PM IST

India decides to cut crude oil import from Iran by over 11%

Succumbing to US pressure, India has decided to cut crude oil import from Iran by over 11 percent this fiscal to 15.5 million tons.

May 15, 2012, 13:29 PM IST

Govt to give sops on export earnings in rupee to Iran

India will provide incentives for exports to Iran on which the payment would be made in rupees under the new arrangement worked out by the two countries.

Mar 05, 2012, 22:40 PM IST

India plans to settle Iran oil payment in Rupees: RBI

India is considering settling payment for oil imports from Iran in rupees, the Reserve Bank of India deputy governor H.R. Khan said on Monday.

Jan 30, 2012, 17:52 PM IST