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

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Rahul Oberoi/Money Today
July 21, 2014
As a commodity investor, you can take advantage of the resulting shortages pushing up prices. For instance, in 2002-03, when El Nino disrupted the monsoon, castor seed production fell 34 per cent. As a result, its price zoomed 30 per cent during the summer season.


Nidhi Verma
New Delhi, June 19, 2014
The Reserve Bank of India would buy the dollars from authorised currency dealers, instead of the Indian oil buyers tapping the currency market. The UAE central bank would then remit the funds to Iran in dirhams.


Nidhi Verma
New Delhi, March 11, 2014
Government sources told Reuters that the country has to cut its Iranian oil imports by nearly two-thirds from the first quarter after the United States asked it to hold the shipments at end-2013 levels, in keeping with the nuclear deal easing sanctions on Tehran.


Reuters
New Delhi, December 18, 2013
India's oil imports from Iran fell 34.8 per cent in April-November from a year ago, despite a jump last month, giving the government room to import more till March and still win another waiver of US sanctions.


Anilesh S. Mahajan
December 5, 2013
The lifting of the European Union restrictions on insurance opens the door for Indian refiners to increase imports to contract levels without breaching sanctions.


Reuters
November 26, 2013
The removal of the EU restrictions on insurance opens the door for Indian refiners to increase imports to contract levels without breaching sanctions that remain in place limiting Iran's overall exports to around 1 million barrels per day.


PTI
New Delhi, November 25, 2013
The US and five other world powers struck an accord with Iran on Sunday, agreeing to ease part of an economic stranglehold in exchange for steps to cap Tehran's nuclear programme and ensure the Islamist government doesn't rush to develop atomic weapons.


Reuters
New Delhi, November 22, 2013
A panel set up in August to study currency swaps has now won support from the finance ministry, the commerce ministry and the central bank to target about 10 countries for such deals focusing on oil exporting nations and others that run large trade surpluses with India, three sources said.


Reuters
New Delhi, November 13, 2013
Indian refiners have asked the government to clarify if they can pay Iran for crude in euros after the National Iranian Oil Company requested settlement of some debts through a Turkish bank.


Reuters
New Delhi, November 7, 2013
Tough Western sanctions which have slashed its exports in half are driving Tehran to increasingly desperate measures to keep oil flowing. Iran already offers 90 days' credit on crude sales to Indian refiners while most other producers stick to 30 days' credit.


PTI
New Delhi, September 13, 2013
Iran had in July agreed to take payments for oil it sells to India entirely in rupees. However, it reverted soon after to the old system of taking only 45 per cent of the payments due in rupees.


Anilesh S. Mahajan
September 18, 2013
Iran gives 90 days credit to Indian oil companies and its crude is cheaper than that from Saudi Arabia and Iraq. It also accepts some payments in Indian currency.


Anilesh S. Mahajan
August 24, 2013
With plenty to gain from doing so, India makes an effort to improve relations with Iran.


BT Online Bureau
New Delhi, May 11, 2013
Higher refining margins helped Essar Oil report  net profit of Rs 200 crore in the March quarter as compared to a loss of Rs 608 crore a year ago.


Associated Press
New Delhi, May 7, 2012
India could face U.S. sanctions by the end of June if the Obama administration determines it has not made significant cuts in imports under a law aimed at squeezing Iran's petroleum industry to press the country to prove its nuclear program is peaceful.


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.


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.


PTI
Hyderabad, January 10, 2012
Oil Minister Jaipal Reddy says the government will take a decision on increasing diesel prices at an appropriate time.


IANS
New Delhi, December 9, 2011
Iran is the second-largest oil supplier to India after Saudi Arabia. India imports an average 400,000 barrels per day of oil from Iran that accounts for almost 12 per cent of country's total import.


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.


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