oil imports
End oil imports from Iran or face sanctions: US to India
Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia.
US says no exemption to India on oil imports from Iran
In January 2012, Iran agreed to accept India's local currency, the rupee, to settle nearly half of its sales to India.
India's oil import from Iran will not be impacted by US sanctions
But paying Iran for the oil India buys would become difficult in case European countries join the US.
ONGC clocks 6.3 per cent rise in gas production
It produced 23.484 billion cubic meters of gas in 2017-18 as against 22.088 bcm in 2016-17, he said.
Iran oil imports fell 15.7 per cent in fiscal year 2017-18
In March, India’s oil imports from Iran were 4,30,000 barrels per day.
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