Tag Archives: India

Iran is India'.s third-largest oil supplier.

Iran and the major world powers in 2015 signed the nuclear agreement. under which Tehran agreed to curb its nuclear program in exchange for economic sanctions relief.

IOC is Iran’s biggest Indian oil client.

Pradhan has concern about rising prices and its negative impact on consumers and the Indian economy.

OPEC and its ally Russia have cut their output since January 2017 to help reduce excessive global stockpiles.

Overall. India imported 4.51 million bpd in April. 2.5 percent higher than a year ago.

Experts believe that the US move would bring uncertainty to prices.

Domestic natural gas production in 2017-2018 grew by 2.35 % to 32.64 bcm as compared to the year ago period.

India will work to create a network with other major oil buyers in Asia to negotiate better terms with sellers.

Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.