In a bid to boot out US pressure on India, Iran ready for oil supplies on 'flexible measures'
While India maintains national interests are primary, market analysts and strategic experts believe US sanctions on Iran could determine how countries deal with importing oil from the West Asian country.
Jul 13, 2018, 13:29 PM ISTUnder pressure from US, India may cut oil imports from Iran: Sources
Following US reimposing sanctions on Iran, India could be taking a second look at importing oil from the country and may instead seek a boost from OPEC.
Jun 28, 2018, 16:30 PM ISTIn a first, UAE to store 6 million barrels of oil in India
Oil Minister Dharmendra Pradhan in UAE said that the two countries have signed a seven-year agreement for strategic storage.
May 12, 2018, 17:34 PM ISTIOC to make first ever crude oil purchase from US this year
The official said IOC had last month sealed a deal to import 1.6 million barrels of crude from the US for delivery in the first week of October at its Paradip refinery in Odisha -- the first ever such purchase of US crude by an Indian state-run refiner.
Aug 10, 2017, 14:35 PM ISTIran becomes 3rd largest oil supplier for India
Iran has zipped past the likes of Venezuela and Nigeria to become India's third largest oil supplier as easing western sanctions enabled Indian companies to increase purchases from that country.
Feb 15, 2017, 19:15 PM ISTIndia's exports rise for 5th month in January; gold imports drop 30%
India's exports continued to grow for the fifth straight month, expanding by 4.32 percent to USD 22.11 billion in January against USD 21.19 billion in the same month of 2016.
Feb 15, 2017, 18:33 PM ISTIndia's 2016 Iran oil imports hit record high
India`s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran.
Jan 13, 2017, 13:43 PM ISTIndia's February oil imports up 29.9% year on year
India`s oil imports in February increased by 29.93 percent year on year to 4.27 million barrels per day (bpd), or 16.88 million tonnes, government data showed
Mar 21, 2016, 22:39 PM ISTExports continue to slide for 8th month; dip 10.3% in July
Hit by global slowdown, India's exports contracted for the eighth straight month by 10.3 percent in July to USD 23.13 billion, pushing the trade deficit to USD 12.81 billion.
Aug 14, 2015, 19:26 PM ISTIOC to import Iraqi oil for India's maiden strategic reserve
The first of the storages at Visakhapatnam (Vizag) is ready and IOC and Hindustan Petroleum Corp Ltd (HPCL) have been tasked to import Basra Light crude oil of Iraq to fill it, official sources said.
Jun 03, 2015, 17:12 PM ISTIndia cuts down dependence on Iran oil
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.
Jul 22, 2014, 17:47 PM IST