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It is easier to trade in domestic currency as India has the option to route payment through one of India'.s state-owned banks.
Read More »India Likely to Resume Importing of Iranian Crude Products
Indian Govt to Resume Oil Imports from Iran
Indian New govt plans to hold talks with Iran at the earliest to discuss ways to resume oil imports and is even looking to pay in Indian currency. ThePrint reported on Tuesday.
Read More »India Ends Iran Oil Imports
Iran'.s partial suspension of its obligations under the nuclear deal was triggered by the United States'. withdrawal from the agreement in May 2018.
Read More »Saudi Arabia will Boost India Crude Shipment amid Iran Crisis
India is Iran’s second largest oil customer after China.
Read More »Saudi will Supply an Extra 2 Million Barrels a Month to Indian Oil Corp from July
India had bought about 300.000 barrels per day (bpd) of Iranian oil under the six-month U.S. sanctions waiver.
Read More »Iran. India may Swap Goods if US Bans Iranian Oil. Petrochemicals Exports
The Trump administration announced new sanctions on Iran'.s metals sectors. steel. aluminum and copper industries. on Wednesday.
Read More »Saudi`s Big Plans in India
Bilateral trade between Riyadh and New Delhi currently stands at $28 billion.
Read More »US Can’t Ensure Cheap Oil Supply to India
India’s total crude oil imports for FY19 was marginally down to 209.4 million tonne.
Read More »China and India to Form New Bargaining Bloc for Oil Imports
The alliance between the two Asian countries is likely to bode well for other Asian oil importers too.
Read More »China. India to Form Buyer’s Bloc That Favors Importers
Nations in Asia are mostly dependent on West Asian producers for their demand for oil.
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