India

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Indian oil refiner part-owned by Iranian company cancels Iran oil imports

A crew member walks across the deck of oil tanker 'Devon' as it prepares to transfer crude oil from Iran to India, on Friday, March 23, 2018. (Bloomberg) September 20, 2018 India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United [...]

By |September 20th, 2018|East Asia, India|

US threats over buying Iranian oil puts India in dilemma

Iranian President Hassan Rouhani (C) holds hands with Indian President Ram Nath Kovind (L) and Indian Prime Minister Narendra Modi (R) during a ceremonial reception at the Indian Presidential palace in New Delhi. (AFP) September 17, 2018 India is facing a dilemma over how to respond to the US threat of punitive measures [...]

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

India’s Iran oil purchases to fade ahead of US sanctions

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) September 15, 2018 Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half [...]

By |September 15th, 2018|East Asia, India|

U.S. to help nations replace Iran oil, may consider waivers

U.S. Secretary of State Mike Pompeo and Secretary of Defence James Mattis pose beside India’s Foreign Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman before the start of their meeting in New Delhi, Sep 6, 2018. (REUTERS) September 8, 2018 Washington will consider waivers for Iranian oil buyers such as India but they must [...]

By |September 8th, 2018|East Asia, India, North America, USA|

U.S., India in “very detailed” talks about halting Iran oil imports

Oil and Natural Gas Corp's (ONGC) wells are pictured in an oil field on the outskirts of Ahmedabad, India, March 16, 2016. (REUTERS) September 6, 2018 The United States and India are engaged in "very detailed conversations" over Washington's request to completely stop India's oil imports from Iran, a senior U.S. State Department [...]

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

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|