Iran Oil Imports News

Industry

India inks pact with Iran to pay crude bill in rupee

India's state-owned UCO Bank is expected to announce the payment mechanism in the next 10 days

1 min read6 Dec 2018
Politics

India may continue oil imports from Iran despite US sanctions

State refiners Indian Oil Corporation and Mangalore Refinery and Petrochemicals Ltd (MRPL) have contracted 1.25 million tonnes of Iranian oil for import in November

4 min read9 Oct 2018
Politics

India to keep buying Iranian oil despite US sanctions: reports

Indian Oil Corp. will lift 6 million barrels of Iranian oil and Mangalore Refinery and Petrochemicals Ltd 3 million barrels in November

1 min read5 Oct 2018
Opinion

Opinion | Why India will struggle to join Iran’s sanctions busters

India's biggest oil buyers haven't booked any cargoes from Iran for November, potentially cutting imports to zero

3 min read26 Sep 2018
Industry

India allows state refiners to use Iran tankers, insurance for oil imports

India's attempt to keep Iranian oil flowing mirrors a step by China, where buyers are shifting nearly all their Iranian oil imports to vessels owned by National Iranian Tanker Co

2 min read3 Sep 2018
Market

India oil import costs set to rise as Iran US sanctions kick in

A $10/barrel change in crude oil price results in 50 bps impact on India's current account deficit expressed as a percentage of GDP and 30 bps impact on inflation

2 min read23 Aug 2018
Industry

India’s Iran oil imports fall as US sanctions fears bite: Report

India has asked refiners to look for alternative oil supplies as the nation may have to cut imports from Iran to comply with the renewed US sanctions

1 min read11 Jul 2018
Industry

India explores ‘all options’ in view of US November deadline on Iran oil imports

India is the second-largest buyer of Iranian crude after China. Iran had a 10.4% share in India's crude oil import volumes for 2017-18

3 min read29 Jun 2018
Opinion

Managing the turbulence in India-US relations

India should stay firm on the S400 deal with Russiabut it may not be left with too many options on Iran

4 min read30 Jun 2018
Politics

US tells India and others to end oil imports from Iran by 4 November

Iran is India's third-largest oil supplier behind Iraq and Saudi Arabiawould be subject to the same sanctions as those in other countries

3 min read27 Jun 2018
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