Iran asks India to clear $6.5-billion oil dues in 2 months

Last Updated: Thursday, August 20, 2015, 16:24

Iran has asked India to pay within two months USD 6.5 billion in past oil dues, partly in rupees and rest in dollars or euros, a top official said.

India asks refiners to cut Iran oil imports ahead of Obama visit: Sources

Last Updated: Friday, January 23, 2015, 05:33

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.

India asks refiners to cut Iran oil imports ahead of Obama visit: Sources

Last Updated: Thursday, January 22, 2015, 21:59

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.

India asks refiners to cut Iran oil imports ahead of Obama visit: Sources

Last Updated: Thursday, January 22, 2015, 16:02

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.

Govt plans Rs 2k cr insurance fund for Iranian crude refiners

Last Updated: Sunday, April 7, 2013, 12:57

To provide insurance cover to domestic refineries that process crude oil imported from Iran, the government is planning to set up a Rs 2,000-crore insurance fund.

Govt plans Rs 2k cr insurance fund for Iranian crude refiners

Last Updated: Thursday, April 4, 2013, 21:34

The fund will start after the refiners contribute money to it, Financial Services Secretary Rajiv Takru said.

India may stop importing Iran oil after insurers back out

Last Updated: Friday, March 8, 2013, 17:52

Indian refiners may soon be forced to stop importing crude oil from Iran after insurance companies said refineries processing oil from the Persian Gulf nation will no longer be covered.

Iran struggles to find new buyers for oil: Report

Last Updated: Monday, February 20, 2012, 12:16

Iran is struggling to find new buyers for crude oil as Western sanctions start to bite, a newspaper reported on Monday.

Saudi Arabia offers more crude supplies to India

Last Updated: Tuesday, February 14, 2012, 20:19

Saudi Arabia, the world's top oil exporter, has offered additional crude supplies to India, a move that could help Indian refiners replace supplies from sanctions-hit Iran.

Paying Iran in Re: Refiners want exemption from withholding tax

Last Updated: Thursday, February 9, 2012, 19:25

Indian oil refiners want exemption from payment of withholding tax to start using a newly agreed mechanism of paying in rupee for the crude oil they buy from the Persian Gulf nation.

Upstream oil cos to bear 38% of subsidy share: Source

Last Updated: Monday, February 6, 2012, 13:16

The government has asked upstream oil companies to compensate state-run oil refiners for 37.91 percent of revenue losses on fuel sales during April to December 2011, a government source told reporters.

Iran says India to settle oil debt in a week: Report

Last Updated: Sunday, August 21, 2011, 16:35

Indian refiners will settle all oil debts to Iran by the end of this month, a business daily reported on Sunday, quoting a senior oil official as saying the sanctions-related problem that held up billions of dollars of oil income was over.