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Iran oil import News

Iran oil import

16 Oct 2018

Indian insurance companies not covering storage of Iranian oil: IOC official

"Insurance companies are providing for asset cover but are not covering the crude kept in storage," the official said on condition of anonymity.

Indian refiners

27 Sep 2018

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.

India oil import

20 Sep 2018

India to pay in rupees for Iranian oil

Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran, the official added.

India oil imports

27 Jun 2018

US says no exemption to India on oil imports from Iran

Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia. It supplied 18.4 million tonnes of crude oil during April 2017 and January 2018.

03 May 2017

India cuts oil import plans from Iran by a quarter over gas field row

India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row between New Delhi and Tehran on development of a natural gas field.

04 Apr 2016

India's Iran oil imports set to surge to 7-year high in 2016/17: Sources

India is set to import at least 400,000 barrels per day (bpd) of Iranian oil in the year from April 1, with refiners looking to ramp up purchases after the sanctions targeting Tehran ended in January, industry sources familiar with the matter said.

08 Jul 2014

India pays second installment of $550 mn to Iran in oil dues

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.

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