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India's crude oil imports surge on fuel demand ahead of polls

Last Updated: Monday, March 31, 2014, 20:00

Refiners see demand for fuel, especially diesel, rising as electioneering picks up for the April-May Lok Sabha polls.

US asks India not to increase Iran oil imports till mid-2014

Last Updated: Tuesday, March 11, 2014, 21:43

The US has asked India not to increase crude oil imports from Iran until the middle of 2014 as it tests Tehran's resolve to cooperate with world powers on its controversial nuclear programme.

'India to slash Iran oil imports to meet nuclear deal parameters'

Last Updated: Tuesday, March 11, 2014, 19:14

India, with the increases already made in the January-March loading plans from Iran, has to cut its purchases of the crude to about 110,000 barrels per day (bpd) to drop its intake average to 195,000 bpd for the six months to July 20.

Iran seeks over $1 bn dues from India for crude oil supply

Last Updated: Thursday, February 27, 2014, 21:03

Iran has sought over USD one billion from India due for supply of crude oil in the wake of partial lifting of sanctions against the Persian Gulf country.

India ready to pay $1.5 billion to Iran for oil: Govt

Last Updated: Tuesday, February 25, 2014, 20:51

India is ready to pay USD 1.5 billion to Iran to clear part of a backlog of payments for shipments of oil following the partial easing of western sanctions on Tehran, Oil Secretary Vivek Rae said on Tuesday.

India takes nearly 40% less Iranian oil in 2013

Last Updated: Thursday, January 30, 2014, 15:40

India imported nearly 40 percent less Iranian crude last year, with no sign in the last month of 2013 that the easing of Western sanctions in a landmark deal resulted in Indian refiners bumping up their purchases.

Iran-India officials discuss oil trade issues

Last Updated: Tuesday, December 10, 2013, 18:44

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.

Iran, India meeting to discuss oil payments on Tuesday

Last Updated: Tuesday, December 10, 2013, 17:42

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.

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

Last Updated: Wednesday, December 04, 2013, 21:37

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.

Asia's Iran oil imports fall, may rise after nuclear deal

Last Updated: Friday, November 29, 2013, 14:01

In the first ten months, China's purchases from Iran were down 3.4 percent at 409,976 bpd.

Indian team to visit Iran to discuss oil payment mechanism

Last Updated: Wednesday, November 27, 2013, 18:41

India will shortly send a delegation to Iran to discuss oil payment mechanism after the historic accord between western super powers and the Persian Gulf state made it easier to import crude oil.

Iran deal to help India's oil imports; boost bilateral trade

Last Updated: Monday, November 25, 2013, 20:58

"India has maintained strong historic links with Iran and any step that makes it easy for Iran to engage economically with the rest of the world would help us in sourcing of oil imports from Iran," Ficci President Naina Lal Kidwai said.