Tag Archives: Indian Oil Corporation

Zanganeh said on Wednesday that the current volatility in the oil market is psychological.

The Indian government has not yet disclosed the price tag for making this significant switch away from crude and toward natural gas.

The company has a deal to buy 180.000 barrels per day (bpd)Iranian oil this fiscal year.

India. the world’s third-biggest oil consumer. meets more than 80 per cent of its oil needs through imports.

India wants to keep importing oil from Iran. because Tehran offers some discounts and incentives for Indian buyers.

India is weighing developing an alternative payment system to purchase Iranian crude oil.

India has been lobbying hard to seek US sanctions waivers for the import of Iranian oil through Iran'.s Chabahar project.

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.