Iran Oil Imports

Wednesday, Apr 24, 2024 | Last Update : 05:09 PM IST

Since ditching the nuclear deal, calling it skewed to Iran's advantage, Trump has reimposed sanctions to strangle its vital oil trade and force Tehran to accept stricter limits on its nuclear activity, curb its ballistic missile programme and end its support for proxy forces around the Middle East. (Photo: File)

US will impose sanction whoever purchases Iran's oil: official

Iran's crude oil exports were slashed by more than 80 pc due to re-imposed sanctions by US after Trump exited Iran's 2015 nuclear deal.

09 Sep 2019 12:16 PM

India has devised an alternate oil sourcing strategy to counterbalance the full might of US sanctions as and when they come into force if New Delhi continues to buy crude from Iran post-November 4.

India readies oil strategy as US sanctions on Iran near

Fresh assurances were given that oil supplies would not be an issue in the case of India.

16 Oct 2018 9:41 AM

Prime Minister Narendra Modi will on Monday brainstorm with chief executives of top global and Indian oil and gas companies on emerging energy scenario, with ripples from US sanctions on Iran and volatile oil prices threatening growth.

Narendra Modi to brainstorm oil scenario with global CEOs

The third annual meeting would also deliberate on ways to revive investment in oil and gas exploration and production.

14 Oct 2018 1:47 PM

'We will take care of them,' Trump told reporters when asked about the decision of some countries like India and China to continue to purchase oil from Iran. (Photo: AP)

Will take care of nations which will continue to import Iranian oil: Trump

Oil Minister Dharmendra Pradhan on Monday said that two state refiners have placed orders for importing crude oil from Iran in November.

11 Oct 2018 8:54 AM

'India's national interests lie in maintaining relations with Iran while at the same time not totally alienating the United States', Ahmad said. (Photo: AP | File)

Wait and watch US sanctions implode: Ex-envoy's advice to India on Iran

India has to play cautious role, should be country's national interests, ex-Ambassador of India to Saudi Arabia, Oman and the UAE said.

08 Oct 2018 8:07 PM

Two Indian companies have placed orders to buy Iranian oil in November, oil minister Dharmendra Pradhan said on Monday, adding that India does not yet know if it will be granted a waiver from US sanctions on Iran.

Two Indian companies to buy Iranian oil in November: Oil Minister Pradhan

India, the world’s third-biggest oil importer, will buy 9 million barrels of Iranian oil in November.

08 Oct 2018 1:51 PM

Indian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other Middle Eastern suppliers like Saudi Arabia and Iraq, Moody's Investors Service said on Thursday.

India should reduce or stop crude oil import from Iran: Moody's

US is working with countries that import Iranian oil to cut their purchases substantially.

27 Sep 2018 12:41 PM

India’s government has not told the country’s oil refiners to halt their imports of Iranian crude, a government source said on Wednesday, even as most Indian refiners have cut down their imports ahead of US sanctions on Iran.

Govt has not told refiners to halt Iranian oil imports: source

India has close diplomatic ties with Iran and is also building the strategic Chabahar port in the Middle Eastern country.

26 Sep 2018 5:45 PM

The US may offer oil and gas to India on concessional terms from its own reserves to help the country tide over Iran sanctions that propose to suck out close to 10 per cent of Indian crude imports.

US may supply oil to India to bridge gap post-Iran sanctions

Proposal came at 2+2 meeting; transportation cost an issue.

24 Sep 2018 2:31 PM

India’s loadings from Iran for this month and next will drop to less than 12 million barrels each. (Representational Image | AFP)

Ahead of US sanctions, Indian refiners to cut down oil purchase from Iran: Report

Although India, Iran’s No 2 oil client, does not recognize the US sanctions, winning a waiver from restrictions is a must for the nation.

14 Sep 2018 3:56 PM

We are reviewing (Chabahar project) in the context, in particular of Afghanistan, and in the spirit that the idea of our sanctions are not to punish partners or to imperil partners, but to bring a price tag for Iran's malign behaviour," Alice Wells, Principal Deputy Assistant Secretary of State for South and Central Asia said. (Photo: File | AP)

US reviewing India's development of Chabahar port, says official

Chabahar port is being considered a gateway to golden opportunities for trade by India, Iran and Afghanistan with central Asian countries.

13 Sep 2018 4:58 PM

Amid uncertainty over impending US sanctions against Tehran, Indian Oil Corp (IOC) has booked for import of usual monthly quantity of 0.75-0.8 million tonnes of crude oil from Iran in October but is unsure if the trade would continue thereafter, a senior official said.

IOC books Iranian oil imports for October; uncertain about future

State refiners, however, have no advice from the government on Iranian imports yet, the official said.

12 Sep 2018 3:04 PM

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

India to cut Iran oil imports after US govt’s push

India has said it does not recognise unilateral restrictions imposed by the United States, and instead follows UN sanctions.

29 Jun 2018 6:26 AM

In a recent report, the bipartisan Congressional Research Service (CRS) said as international sanctions on Iran increased in 2010-2013, India sought to preserve its longstanding ties with Iran while cooperating with the sanctions regime. (Representational Image)

US wants India to stop all oil imports from Iran by November

An US official said this is part of Trump admin's effort to isolate streams of Iranian funding to highlight Iran's malign behaviour.

27 Jun 2018 10:19 AM

India is set to offer a $3-4 billion development plan for the Farzad B gas field to Iran next week after Tehran reduced the scope of the project.

India to offer USD 3-4 billion development plan for Iran gas field

The new terms confine Indian companies to just production of gas and development of the field.

05 Apr 2018 11:28 AM

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Sanjeev Ahluwalia

Iran oil imports