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Britain says wants to work with Iran on trade and investment

Last Updated: Sunday, August 23, 2015, 19:40

Britain said on Sunday that it wanted to work with Iran`s central bank to make it easier for UK banks to finance trade and investment in the country after a thaw in diplomatic relations.

GAIL in talks with Iran to revive decade-old LNG deal

Last Updated: Sunday, August 23, 2015, 16:16

State-run gas utility GAIL India Ltd has begun talks with Iran to revive a decade-old USD 22 billion LNG supply contract, the cheapest deal ever struck by an Indian firm.

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 to clear dues worth $6.5 bn to Iran in tranches: Govt

Last Updated: Monday, August 17, 2015, 18:37

India will clear USD 6.5 billion of dues it owes to Iran for oil import in tranches, with the first installment going out as early as in a week, Finance Secretary Rajiv Mehrishi has said.

Iran promises licence to India for developing Farzad gas field

Last Updated: Wednesday, August 12, 2015, 23:41

Iran has promised India the licence to develop ONGC-discovered Farzad-B gas field in the Persian Gulf and has asked the state-owned firm to submit an investment plan, an executive said Wednesday.

Oil prices fall further on oversupply fears

Last Updated: Monday, August 10, 2015, 10:45

US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.

RBI to facilitate oil payments of $6.5 billlion to Iran

Last Updated: Wednesday, August 5, 2015, 19:45

he Reserve Bank of India (RBI) will assist Indian refiners to clear over USD 6.5 billion of past dues they owe to Iran for crude oil purchases, a senior official said Wednesday.

Iran seeks $8 bn Indian investments, wants expeditious decision

Last Updated: Sunday, July 26, 2015, 15:13

"India has always been there even during the difficult time of sanctions. They should take advantage of their presence on the ground. Otherwise it will be a lost opportunity," Ansari told PTI in an interview.

Iran seeks $8 bn Indian investments, wants expeditious decision

Last Updated: Sunday, July 26, 2015, 15:13

"India has always been there even during the difficult time of sanctions. They should take advantage of their presence on the ground. Otherwise it will be a lost opportunity," Ansari told PTI in an interview.

Iran eyes $185 billion oil and gas projects after sanctions

Last Updated: Thursday, July 23, 2015, 18:07

Iran on Thursday outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.

Germany eyes Iran business but Israel tops differences

Last Updated: Monday, July 20, 2015, 22:58

A German delegation led a much anticipated international push for new business in Iran on Monday, but a top official visiting Tehran put Israel at the top of their differences.

German economy minister due in Iran with business leaders

Last Updated: Sunday, July 19, 2015, 17:48

German Economy Minister Sigmar Gabriel flew to Iran Sunday as the first top Western official to visit the country since world powers and Tehran reached a historic nuclear deal.