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India planning to halve its oil imports from Iran

A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in the desert Indian state of Rajasthan in this August 29, 2009 file photo. (REUTERS) August 17, 2018 India, the second biggest crude oil customer for Iran, may cut its imports from the Islamic Republic [...]

By |August 17th, 2018|East Asia, India|

New Delhi warns refiners to prepare for ‘drastic cut’ in oil imports from Iran

A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in the desert Indian state of Rajasthan in this August 29, 2009 file photo. (REUTERS) August 6, 2018 India’s oil ministry has asked refiners to prepare for a “drastic reduction or zero” imports of Iranian [...]

By |August 6th, 2018|East Asia, India|

India cuts oil imports from Iran by a quarter in past year

A crude oil tanker sails through the Persian Gulf towards Kharq Island to transport crude oil to export markets in the Persian Gulf, Iran. (Bloomberg) July 24, 2018 Facing the threat of U.S. oil sanctions on Iran, India continued to rely on Iraq as its top oil supplier in the April-June quarter, followed [...]

By |July 24th, 2018|East Asia, India|

US beefs up oil exports to India, lowering dependence on Iranian imports

India's Prime Minister Narendra Modi speaks with the media inside the parliament premises on the first day of the budget session, in New Delhi, India, January 29, 2018. (REUTERS) By Prakriiti Gupta July 14, 2018 Along with mounting pressure on India to cut Iranian oil imports, the United States beefed up oil supplies to [...]

By |July 14th, 2018|East Asia, India|

India’s Iranian oil imports in June fall 15.9% from May as sanctions fears bite

A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in the desert Indian state of Rajasthan in this August 29, 2009 file photo. (REUTERS) July 11, 2018 India’s oil imports from Iran declined by 15.9 percent in June, the first month after the US [...]

By |July 11th, 2018|East Asia, India|

India and Iran: Clock’s ticking for Chabahar’s eternal autumn

Indian Prime Minister Narendra Modi, right, with Iranian President Hassan Rouhani release a postal stamp commemorating growing economic and trade ties between the two nations in New Delhi, India, Saturday, Feb. 17, 2018. (AP) By Naveed Ahmad July 3, 2018 India may be zealous in its attempts to gain a foothold on the coastline [...]

By |July 3rd, 2018|East Asia, India|

US envoy Haley tells Modi important to cut imports of Iranian oil

U.S. Ambassador to the United Nations Nikki Haley speaks during the United Nations Security Council meeting on the situation in the Middle East. (Reuters) June 28, 2018 US Ambassador to the United Nations Nikki Haley told India’s Prime Minister Narendra Modi on Wednesday it was important India cut Iranian oil use, but said [...]

By |June 28th, 2018|East Asia, India|

India, oil’s fastest growing buyer, guzzling Iran’s crude as sanctions loom

Oil and Natural Gas Corp's (ONGC) wells are pictured in an oil field on the outskirts of Ahmedabad, India, March 16, 2016. (REUTERS) June 19, 2018 The world’s fastest-growing oil consumer is guzzling down Iranian crude before US sanctions start squeezing supplies from the Persian Gulf nation. India imported 771,000 barrels of crude [...]

By |June 19th, 2018|East Asia, India|

India’s top bank to stop handling Iran oil payments, imports may be hit

A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in the desert Indian state of Rajasthan in this August 29, 2009 file photo. (REUTERS) June 17, 2018 India’s imports of Iranian oil may be hit from the end of August after the State Bank [...]

By |June 17th, 2018|East Asia, India|

India’s Nayara Energy begins cutting Iran oil imports

A tanker pictured near the Indian port of Kochi. Indian refiner Nayara Energy has begun cutting imports from Iran. (Shutterstock) June 12, 2018 Indian refiner Nayara Energy, one of the country’s biggest buyers of Iranian oil, began cutting imports this month after the US scrapped a nuclear deal with Tehran and said it [...]

By |June 12th, 2018|East Asia, India|