iran-oil - Latest News on iran-oil | Read Breaking News on Zee News
India cuts down dependence on Iran oil

India cuts down dependence on Iran oil

Last Updated: Tuesday, July 22, 2014, 17:47

India has cut its reliance on Iran for meeting its oil needs to less than 6 percent as it raised imports from countries like Columbia and Mexico.

India pays second installment of $550 mn to Iran in oil dues

Last Updated: Tuesday, July 08, 2014, 20:05

India on Tuesday paid the second installment of USD 550 million to Iran to clear over one-fourth of its dues for oil imports from the Persian Gulf nation.

India pays Iran $550 mn to partly clear oil import dues

Last Updated: Thursday, June 26, 2014, 20:48

India has made a USD 550 million payment to Iran and cleared a fourth of its dues for oil imports from the Persian Gulf nation.

US says Fed not involved in clearing India`s Iran oil dues

Last Updated: Tuesday, June 24, 2014, 14:32

The US Federal Reserve is not involved in clearing payments made by India to Iran to pay some of its dues for oil bought from the Middle East country, a US Treasury Department spokeswoman said.

India to pay $1.65 billion Iran oil dues via UAE

Last Updated: Thursday, June 19, 2014, 12:09

India will pay Iran USD 1.65 billion through the UAE central bank to clear over 40 percent of the backlog payments for oil imports.

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.