Tag Archives: India

Iran is now offering to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.

If India does not import crude from the US. the most likely fallout will be to buy from other OPEC countries.

Iran has started providing ships as well as insurance cover to continue exporting crude oil to India.

India is Iran’s top oil client. and it is also one of the countries that are most heavily dependent on oil imports.

Iraq continued to be the top oil supplier to India in the April-June period.

Efforts now need to be made on devising a financial mechanism to overcome the US sanctions.

China and India have the fastest growth of liquid natural gas consumption.

The upcoming sanctions on Iran provide a golden opportunity to commercialise more US oil in the Indian market.

The upcoming sanctions on Iran provide a golden opportunity to commercialize more U.S. oil in the Indian market.

India and Iran also had extensive deliberations on ways to deal with the impact of US sanctions.