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Politics

India says it will cut Iran oil purchases by 11%

May 15, 2012

India said Tuesday it would cut purchases of Iranian oil by 11 percent following pressure from the United States to join a drive to isolate the Islamic republic over its disputed nuclear programme. full story

More news

India Cuts Iran Crude Oil Imports

Iran was India's seventh-largest supplier of crude oil for the first nine months of this fiscal year, slipping from third position after Western sanctions on Tehran forced Indian refiners to cut imports from the Persian Gulf country.

wsj.com (2 months and 6 days ago)

Iran offers new oil contracts to lure India

As US and European sanctions cripple its economy, Iran on Saturday offered India a new production sharing regime for oil exploration in an attempt to keep its third largest buyer of oil engaged.

indiatimes.com (15 days ago)

Shell owes Iran $2.3bn for oil

Oil giant owes Iran for oil purchases made before sweeping sanctions were imposed on the country last year.

telegraph.co.uk (2 months and 1 day ago)

Sanctions Cut Iran's Oil Exports to 27-Year Low

Global sanctions cut Iran's crude oil exports by 39% in 2012, to 1.5 million barrels a day, the lowest level since 1986, during the Iran-Iraq war, the U.S. Energy Information Administration said.

wsj.com (21 days ago)

Iran's Oil Exports Hit 26-Year Low

Global sanctions cut Iran's crude oil exports by 39% in 2012, to 1.5 million barrels a day, the lowest level since 1986, during the Iran-Iraq war, the U.S. Energy Information Administration said.

wsj.com (20 days ago)

Turkish PM says no decision yet on further Iran oil import cuts

WASHINGTON (Reuters) - Turkish Prime Minister Tayyip Erdogan said on Friday Turkey had already significantly reduced its oil imports from Iran, which is under the choke of Western sanctions, and further cutbacks would depend on his country's energy needs. "On crude oil, there has been a significant decrease in the amount of oil we import from Iran ... As to whether we would...

yahoo.com (2 days ago)

India set to halt Iran oil imports over insurance: MRPL

India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on Friday.

moneycontrol.com (2 months and 13 days ago)

India trumps Pak's Iran rice trade boom with oil rupees

Iran's oil export revenues are helping Indian rice exporters to claw back some of the lucrative business lost to cross-border truckers in Pakistan as a result of Western sanctions.

moneycontrol.com (2 months and 14 days ago)

Iran seeks to export oil to North Korea

TEHRAN, Iran — Iran's oil ministry says the country is considering exporting oil to North Korea as a way to improve its battered economy.The official IRNA news agency quoted on Saturday Oil Minister Rostam Ghasemi as saying talks are underway between Tehran and Pyongyang on oil exports.An oil deal would bring the two nations deeply at odds with the U.S. and the West closer...

bostonherald.com (29 days ago)

India set to scale up ties with Iran; joint exploration on cards

Notwithstanding sanctions against Iran, India is set to scale up economic and commercial engagement with it with proposals for joint investment in infrastructure and joint exploration of oil high on the agenda.

india.com (13 days ago)

India says it will cut Iran oil purchases by 11%

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