US exempts EU nations from Iran oil sanctions

Last Updated: Saturday, September 7, 2013, 10:28

The US has said it was granting 6-month sanctions exemptions to 10 European countries so they can restart imports of Iranian crude oil after a year`s hiatus.

Indian tanker seized by Iran allowed to leave: Report

Last Updated: Thursday, September 5, 2013, 15:26

An Indian oil tanker seized by Iran in August for allegedly polluting Gulf waters has been allowed to leave the port where it was held, an Iranian official said on Thursday.

India to save $8.5 bn in oil imports from Iran: Moily to PM

Last Updated: Sunday, September 1, 2013, 11:20

India, which paid about USD 144.29 billion last fiscal for importing oil, is renewing imports from Iran as unlike imports from other countries it pays the Persian Gulf nation in rupees.

India plans oil import from Iran to cut import bill, CAD

Last Updated: Wednesday, August 28, 2013, 18:12

The oil ministry has worked out a plan to save USD 22 billion in the oil import bill from Iran thus helping reduce the current account deficit (CAD), Petroleum Minister M. Veerappa Moily has said.

India pursuing oil tanker`s detention with Iran

Last Updated: Wednesday, August 21, 2013, 19:53

India is vigorously pursuing with Iran the detention of the MT Desh Shanti oil tanker, but there has not been any progress so far, an official said on Wednesday

Stalemate for 7th day over detainment of Indian ship by Iran

Last Updated: Sunday, August 18, 2013, 17:37

Deadlock over detainment of an Indian oil tanker by Iran on Sunday entered its seventh day as both countries failed to resolve the issue despite hectic parleys.

Iran agrees to take all oil payments from India in rupees

Last Updated: Sunday, July 14, 2013, 18:05

Iran has agreed to take payments for oil it sells to India entirely in rupees after US and western sanctions blocked all other payment routes.

Iran blocks cyber attack on oil ministry

Last Updated: Saturday, June 22, 2013, 15:15

Iran says it has successfully blocked a cyber attack on a computer network for its oil sector.

US exempts India and 8 others from sanctions for Iranian oil

Last Updated: Thursday, June 6, 2013, 09:41

United States has noted that these countries have significantly reduced their dependence on Iranian oil in the last six months.

Iran for more trade with India in non-oil sectors

Last Updated: Saturday, May 11, 2013, 21:45

Iran is looking for more business with India in non-oil sectors to boost the bilateral trade, said its Consul General Hassan Noorian who sees great potential for cooperation in various non-oil fields like pharma, IT, electronics, automobile spare parts and food processing.

Oil pool plan for Iran crude insufficient, says New India

Last Updated: Wednesday, May 1, 2013, 21:59

As per reports, out of the Rs 2,000-crore pool, half will come from four public sector general insurers along with General Insurance Corporation (GIC Re) and the rest will be contributed by oil companies.

India cuts oil import from Iran by 26.5% in FY'13

Last Updated: Wednesday, April 24, 2013, 18:00

India has slashed import of crude oil from Iran by over 26.5 percent in the financial year ended March 31 as US and European sanctions made it difficult to ship oil from the Persian Gulf nation.