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Total 93 results found. Search for [ oil payments to Iran ]

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By Anilesh S. Mahajan
Delhi, June 13, 2016
India is keen to build bridges and do business with Iran after the lifting of US sanctions. But it will not be easy as Indian companies will have to compete with Chinese and Russian conglomerates, along with the Europeans.


Reuters
May 30, 2016
India is one of the biggest buyers of Iranian crude and built up a payments backlog when Iran was under Western sanctions, with its refiners owing about $6.5 billion to Iran.


Reuters
May 19, 2016
Indian officials say they have proposed an oil-for-drugs barter plan with cash-strapped Venezuela to recoup millions of dollars in payments owed to some of India's largest pharmaceutical companies.


Reuters
Singapore, May 16, 2016
Oil prices jumped over 1 per cent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit.


PTI
New Delhi, May 11, 2016
Iran had in November 2013 offered free delivery of crude oil to Indian refiners as tough Western sanctions crippled its exports. With shipping lines refusing to transport Iranian crude for fear of being sanctioned, Iran used its shipping line for the delivery and did not charge for transportation.


Reuters
May 6, 2016
Buyers of Iranian oil were prevented from using global banking channels to clear their transactions after sanctions were imposed on Iran in 2011 over its nuclear programme. With the end of those sanctions in January, after an agreement to curb the programme, Iran is finally gaining needed access to the funds.


By Anilesh S. Mahajan
Delhi, May 2, 2016
Providing free LPG connections to five crore BPL families is one of the most ambitious plans of the Narendra Modi government. The man assigned the task is Oil Minister Dharmendra Pradhan.


Nidhi Verma
February 6, 2016
A source at state-owned National Iranian Oil Co (NIOC) said Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia's Lukoil.


Reuters
January 15, 2016
The impasse underlines how Tehran is taking a more assertive posture in its dealings with trading partners as options open up for business and it looks to strike better deals.


By Deepak Bhojwani
Delhi, January 9, 2016
India needs to watch the political developments in Venezuela closely and enhance its engagement with the eventual dispensation.


PTI
New Delhi, October 13, 2015
This is the second payment by Indian refiners this year ahead of easing of international sanctions against the Persian Gulf country.


Nidhi Verma
New Delhi, September 29, 2015
Toughened sanctions in early 2012 had halved Iran's oil exports and strangled its oil revenue, crippling its economy and finally bringing it to the negotiating table.


PTI
Mumbai, September 15, 2015
\"We have a capex plan of Rs 1.75 trillion over the next seven years. And out of this, Rs 50,000 crore will be for brownfield expansion at existing facilities,\" chairman B Ashok said.


PTI
New Delhi, September 14, 2015
\"The Reserve Bank of India will make payments of $6.5 billion in past oil dues to Iran in a calibrated manner so that there is no pressure on exchange rate,\" a senior finance ministry official said on Monday.


Nigel Stephenson & Sujata Rao
London , July 20, 2015
The strength of the dollar weighed on gold, which plunged as much as 4% while platinum fell as much as 5% to its lowest since February 2009.


Nidhi Verma
New Delhi, March 20, 2015
India, which is Iran's top client after China, has been reducing its imports from Iran under pressure from Western sanctions.


PTI
New Delhi, November 20, 2014
The $1.3 billion payment last one month is on top of $1.65 billion the refiners had paid in June/July. Cumulatively, refiners owe about $6 billion to Iran in past oil dues.


Gaurav Pai
Mumbai, July 15, 2014
Traders expect the rupee to remain range-bound in the near-term, with markets also focused on Federal Reserve Chair Janet Yellen's congressional testimony due later on Tuesday.


Nidhi Verma
New Delhi, July 9, 2014
Mangalore Refinery and Petrochemicals, Essar Oil, Indian Oil Corp, Hindustan Petroleum Corp and HPCL-Mittal Energy together owed about $4.6 billion to National Iranian Oil Co as of May 31.


Anilesh S. Mahajan
July 15, 2014
Since 2012, Iraq has been India's second biggest source of oil imports after Saudi Arabia, supplying more than 20 million metric tonne every year. Ever since the unrest in Iraq broke out, Asia's second largest energy user has been on edge.


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