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Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

India readies oil strategy as US sanctions on Iran near

Fresh assurances were given that oil supplies would not be an issue in the case of India.

16 Oct 2018 4:11 AM GMT

Prime Minister Narendra Modi

Narendra Modi to brainstorm oil scenario with global CEOs

The third annual meeting would also deliberate on ways to revive investment in oil and gas exploration and production.

14 Oct 2018 8:17 AM GMT

Trump says of Germany: Were supposed to protect you against Russia and yet you make this deal with Russia. (Photo: AP)

Will take care of nations which will continue to import Iranian oil:...

Oil Minister Dharmendra Pradhan on Monday said that two state refiners have placed orders for importing crude oil from...

11 Oct 2018 3:24 AM GMT

Irans Foreign Affairs Minister Mohammad Javad Zarif met his Indian counterpart, Sushma Swaraj, in New York on the sidelines of United Nations General Assembly. (Photo: AP)

Wait and watch US sanctions implode: Ex-envoy's advice to India on...

India has to play cautious role, should be country's national interests, ex-Ambassador of India to Saudi Arabia, Oman...

8 Oct 2018 2:37 PM GMT

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

Two Indian companies to buy Iranian oil in November: Oil Minister...

India, the world's third-biggest oil importer, will buy 9 million barrels of Iranian oil in November.

8 Oct 2018 8:21 AM GMT

India is set to offer a $3-4 billion development plan for the Farzad B gas field to Iran next week after Tehran reduced the scope of the project.

India to offer USD 3-4 billion development plan for Iran gas field

The new terms confine Indian companies to just production of gas and development of the field.

5 April 2018 5:58 AM GMT

Sources say the IAEA took samples from the site in the Turquzabad district of Tehran in the spring and that Iran has been slow in providing answers to explain the test results.(Representational Image)

US will impose sanction whoever purchases Iran's oil: official

Iran's crude oil exports were slashed by more than 80 pc due to re-imposed sanctions by US after Trump exited Iran's...

9 Sep 2019 6:46 AM GMT

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

India to cut Iran oil imports after US govt's push

India has said it does not recognise unilateral restrictions imposed by the United States, and instead follows UN...

29 Jun 2018 12:56 AM GMT

The ban on pet coke may also jeopardise the much-awaited and politically controversial oil refinery in border district of Barmer.

US wants India to stop all oil imports from Iran by November

An US official said this is part of Trump admin's effort to isolate streams of Iranian funding to highlight Iran's...

27 Jun 2018 4:49 AM GMT

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said. (Representational Image/AFP)

Ahead of US sanctions, Indian refiners to cut down oil purchase from...

Although India, Iran's No 2 oil client, does not recognize the US sanctions, winning a waiver from restrictions is a...

14 Sep 2018 10:26 AM GMT

Iranian President Hassan Rouhani poses during the inauguration a newly built extension of the Chabahar Port, near the Pakistani border, in southeastern Iran on Sunday. (Photo: AP)

US reviewing India's development of Chabahar port, says official

Chabahar port is being considered a gateway to golden opportunities for trade by India, Iran and Afghanistan with...

13 Sep 2018 11:28 AM GMT

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

IOC books Iranian oil imports for October; uncertain about future

State refiners, however, have no advice from the government on Iranian imports yet, the official said.

12 Sep 2018 9:34 AM GMT