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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 oil output drops marginally in May, gas production dips

Last Updated: Tuesday, June 24, 2014, 18:16

India's crude oil production dropped marginally in May as a fall in output at fields operated by state-owned ONGC and OIL negated increased flows from private firms including Cairn India.

OIL signs MoU with Russia's Gazprom

Last Updated: Friday, June 20, 2014, 00:10

Oil India Ltd, the second biggest state-run explorer in the country, today signed an agreement with Russia's Gazprom for joint pursuit of exploration opportunities across the globe.

Indian firms borrow $3.2 bn in April from overseas markets

Last Updated: Tuesday, June 03, 2014, 21:28

Indian firms including Reliance Industries and Oil India raised USD 3.2 billion overseas via external commercial borrowings (ECBs) and foreign commercial convertible bonds (FCCBs) in April.

ONGC pays Rs 272,721 cr in fuel subsidy

Last Updated: Tuesday, June 03, 2014, 17:41

State-owned Oil and Natural Gas Corp (ONGC) has paid a whopping Rs 272,721 crore in fuel subsidy over the past 11 years, denting its profitability.

Oil India Q4 profit slips 26%

Last Updated: Wednesday, May 28, 2014, 16:29

Oil India Ltd, the nation's second biggest state explorer, on Wednesday reported a 26 per cent drop in its fourth quarter as oil production fell and subsidy outgo rose sharply.

Oil India buys 50% stake in Russian oil block for $85 mn

Last Updated: Wednesday, May 07, 2014, 17:38

Oil India Ltd, the nation's second-biggest state-run explorer, has bought a 50 percent stake in an oil block in Russia for USD 85 million.

SBI mops up record $1.25 bn in overseas bond sale

Last Updated: Friday, April 11, 2014, 16:05

SBI has broken the record set by Oil India earlier this week by raising 25 percent more than the oil explorer.

OIL is first India firm to raise $1 bn in foreign bond sale

Last Updated: Wednesday, April 09, 2014, 15:23

A Regulation S transaction implies that US-based investors cannot participate in the issue.

Oil India raises $1 billion in overseas bond sale

Last Updated: Tuesday, April 08, 2014, 22:44

State-run oil and gas explorer Oil India (OIL) Tuesday became the first Indian company to sell USD 1 billion worth of debt in its debut US dollar bond sale programme.

OIL to borrow $900 million to refinance Mozambique stake loan

Last Updated: Monday, April 07, 2014, 21:32

State-owned Oil India Ltd plans to raise USD 900 million in foreign debt to refinance a loan taken to fund its share of a stake in a super-giant Mozambique gas field acquired jointly with ONGC.