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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.

BPCL inks deals to import crude oil from Kuwait, UAE

Last Updated: Friday, May 16, 2014, 17:21

State-owned Bharat Petroleum Corporation Ltd (BPCL) has signed contracts to import over 7 million tonnes of crude oil from Kuwait and the United Arab Emirates.

BPCL inks deals to import crude oil from Kuwait, UAE

Last Updated: Friday, May 16, 2014, 17:01

New Delhi: State-owned Bharat Petroleum Corporation Ltd (BPCL) has signed contracts to import over 7 million tonnes of crude oil from Kuwait and the United Arab Emirates (UAE). BPCL, the nation`s second biggest state refiner, signed term contracts for import of crude oil with Kuwait Petroleum Corp (KPC) and Abu Dhabi National Oil Company (ADNOC) during a visit of high-level delegation led by company Chairman S Varadarajan.

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.

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.

India overtakes Japan as world's No.3 crude importer

Last Updated: Thursday, January 30, 2014, 14:49

India imported 3.86 million barrels-per-day of crude oil last year, tanker arrival data compiled by Reuters from trade sources showed on Thursday.

Six months relief for India, countries importing oil from Iran

Last Updated: Tuesday, January 14, 2014, 00:20

India and other major Iranian oil importing countries have got six months relief from reducing their import after the Islamic Republic agreed to curb parts of its disputed nuclear programme.

Veg oil import up by 18% in December at 10.67 lakh tonne

Last Updated: Monday, January 13, 2014, 19:27

India's vegetable oil imports have risen by 18 percent to 10.67 lakh tonnes in December 2013, the second highest in a month since 1994.

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.