Tag Archives: India

India. Iran’s second-biggest oil client behind China. has already reduced its intake of Iranian oil.

Exports to India accounted for 21 per cent of Iran’s crude oil outbound shipments in 2017-18.

India’s refining capacity would increase to about 439 million tonnes per year by the financial year of 2030.

The US administration pulled out of the landmark 2015 nuclear deal with Iran on May 8.

The amendment was prompted by the Directorate General of Hydrocarbons.

Despite the lower purchases. Iran remained the third biggest oil supplier to India in August.

Iran’s key customers in Asia—no.1 China and no.2 India—are not expected to cut off their imports of Iranian oil.

Shell India has acquired land for 150-200 sites across the country and operates around 120 retail outlets.

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.

Over the next seven year the government plans to build another 11 terminals which would raise India’s LNG import capacity.