India should reduce or stop crude oil import from Iran: Moody's
India is the second largest buyer of Iranian crude after China, accounting for about 30 percent of total crude exports from the Persian Gulf nation during April-August 2018.
Sep 27, 2018, 14:20 PM IST
India tests US crude oil to cut dependence on Middle East
Indian refiners Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corporation Limited were given a special permission by the shipping ministry to import oil from the United States until March.
Oct 17, 2017, 11:12 AM IST
Iran retaliates to Indian oil cut plans
Iran has cut by one-third the time it gives to Indian refiners to pay for oil they buy from it and has also raised ship freight rates as a retaliatory measure to New Delhi's decision to reduce Iranian oil imports.
Apr 07, 2017, 11:48 AM IST
India to pay 1.5% interest on $6.5 billion Iran oil dues
India has agreed to pay Iran an interest of 1.5 percent on USD 6.5-billion that refiners like Essar Oil and Mangalore Refinery (MRPL) owe it in oil dues, as a 'goodwill gesture'.
May 03, 2016, 16:03 PM IST
India asks refiners to cut Iran oil imports ahead of Obama visit: Sources
India has asked its refiners to slash oil buys from Iran in the next two months to keep the imports in line with the previous fiscal year`s levels, sources with knowledge of the matter said, days ahead of President Barack Obama`s visit to New Delhi.
Jan 22, 2015, 21:59 PM IST
Indian refiners' credit metrics to improve in 12 months: Moody's
Moody's Investors Service on Tuesday said it expects Indian refiners' credit metrics to improve over the next 12 months on decline in borrowings.
Aug 19, 2014, 20:11 PM IST
