Last Updated: Tuesday, December 10, 2013, 17:42
Indian and Iranian officials are meeting on Tuesday to discuss how to unlock the first oil payments to the Middle Eastern nation since the US and other world powers eased sanctions last month in exchange for curbs to Tehran`s nuclear programme.
Last Updated: Wednesday, December 4, 2013, 21:37
Keen to sell more crude oil to India, Iran's Industry Minister Mohammad Reza Nematzadeh Wednesday sought resolution of payment issues to promote trade between the two nations.
Last Updated: Friday, November 29, 2013, 14:01
In the first ten months, China's purchases from Iran were down 3.4 percent at 409,976 bpd.
Last Updated: Wednesday, November 27, 2013, 18:41
India will shortly send a delegation to Iran to discuss oil payment mechanism after the historic accord between western super powers and the Persian Gulf state made it easier to import crude oil.
Last Updated: Monday, November 25, 2013, 20:58
"India has maintained strong historic links with Iran and any step that makes it easy for Iran to engage economically with the rest of the world would help us in sourcing of oil imports from Iran," Ficci President Naina Lal Kidwai said.
Last Updated: Thursday, November 7, 2013, 22:16
Iran has offered discounts on crude oil price and free shipping if India agrees to buy more of its oil.
Last Updated: Tuesday, October 29, 2013, 12:36
India`s imports of Iranian oil have fallen to 194,000 barrels per day (bpd) for January-September.
Last Updated: Monday, September 23, 2013, 18:53
Oil accounts for about a third of India's total imports and higher dollar prices combined with a rupee near all-time lows have increased its cost, adding pressure to a bloated current account deficit.
Last Updated: Friday, September 13, 2013, 18:39
Senator Jim Risch said he was deeply disappointed that the US has extended a sanctions waiver to India in June in recognition of its efforts in significantly reducing those oil imports from Iran.
Last Updated: Thursday, September 12, 2013, 18:50
Keen to reduce a record current- account deficit by raising oil imports from Iran, India is seeking to restart the mechanism of paying the Persian Gulf nation entirely in rupees.
Last Updated: Wednesday, September 11, 2013, 20:51
Government on Wednesday said it will explore all options to increase import of crude oil from Iran within the framework of UN sanctions.
Last Updated: Monday, September 9, 2013, 18:17
With the rising oil import bill casting a shadow on attempts to rein in a record current account deficit, the Prime Minister's Office has called a meeting to discuss raising crude imports from Iran to curtail dollar payouts.
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