Tag Archives: Sanjiv Singh

The annual contract will begin from April.

The exemption will allow Indian refiners to settle about $1.5 billion of outstanding payments to NIOC through direct rupee payments.

The U.S. launched new sanctions on Iran’s petroleum sector on November 4.

India is one of the largest consumers of crude oil and Iran has been one of the key suppliers.

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.

IOC is Iran’s biggest Indian oil client.

Economists and investment bankers believe a 10% increase in oil price could raise inflation by 0.2-0.3%.

Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil.

Mundra will be the second LNG project of Adani where IOC is investing.