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IANS
New Delhi, February 7, 2012
India has made it clear that regardless of the sanctions, it will continue to buy Iranian oil as it contributes around 12 per cent of its oil imports.


Associated Press
Kuala Lumpur, Malaysia, January 31, 2012
European leaders agreed Monday on a new treaty to stop overspending and put an end to the region's crippling debt woes.


PTI
Chicago, January 30, 2012
\"We import 110 million tonnes of crude per year. We will not decrease imports from Iran. Iran is an important country for India...,\" FM Pranab Mukherjee said.


Associated Press
Kuala Lumpur, Malaysia, January 11, 2012
Benchmark crude for February delivery dropped 53 cents to $101.71 a barrel at midday Kuala Lumpur time in electronic trading on the New York Mercantile Exchange.


Associated Press
Singapore, January 10, 2012
Benchmark crude for February delivery rose 66 cents to $101.97 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.


Associated Press
Singapore, January 9, 2012
Benchmark crude for February delivery fell 55 cents to $101.01 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange.


Associated Press
Singapore, January 4, 2012
Oil prices jumped to over $01 a barrel on Tuesday amid concerns that rising tensions between Western powers and Iran could lead to crude supply disruptions.


IANS
Kolkata, November 13, 2011
Middle East countries are major importers of India tea. But the amount of export to the region is down this year due to political turmoil in countries like Libya and Syria.


PTI
Mumbai, November 2, 2011
Reserve Bank Deputy Governor H R Khan calls for special efforts to drive up exports so that this will not deteriorate further.


BT Online Bureau
Washington, July 30, 2011
Iran is India's second-biggest supplier for crude after Saudi Arabia, exporting about 400,000 barrels per day or 12 of the country's needs in trade worth some $12 billion a year.


Sanjiv Shankaran
July 19, 2011
Iran continues to supply oil to India, though India has not paid it for months. No official word on how much Indiaowes Iran is available, butknowledgeable estimates put India'soutstanding for the past three months alone at over $4 billion or around Rs18,000 crore. What if Iran turns off the tap?


www.businesstoday.in
June 23, 2011



Suman Layak
February 17, 2011
The London-headquartered group recognises the need to step up its pace in India but the brothers have still to take the bit between their teeth.


PTI
New Delhi, January 10, 2011
India hopes to resolve the oil payments row with Iran at a meeting in Tehran this week, Oil Secretary S Sundareshan said. \"We are in discussions with NIOC to resolve the issue,\" he said.


PTI
New Delhi, January 7, 2011
After RBI abolished regional payment mechanism for Iranian crude imports, SBI, too, refused to issue fresh letter of credits - a guarantee to supplier for the payment upon delivery.


Mail Today Bureau
New Delhi, January 5, 2011
A senior government official said on Tuesday that NIOC (National Iranian Oil Co) is ready to accept payments from Indian oil firms through the EIH Bank in Germany.


S. P. S. Pannu
New Delhi, December 31, 2010
The Reserve Bank of India is looking for an alternative payment mechanism to enable oil firms to bring home the contracted Iranian oil imports for January.


www.businesstoday.in
December 31, 2010
At 3.45 p.m. on May 11, 1998, India stunned the world by testing three nuclear devices at Pokhran in Rajasthan.


PTI
New Delhi, November 1, 2010
Petropars has offered the state-owned oil major and the Hinduja Group 40 per cent stake in the development of Phase-12 of the giant South Pars gas field.


www.businesstoday.in
February 15, 2010
While the worst of the recession seems behind us now, 2010 brings with it fresh challenges for the world economy.


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