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Indian purchases of Iranian crude increased from 12.7 million tonnes in 2015-16 to 27.2 mt the next fiscal. Today, Iran is Indias third largest oil supplier after Iraq and Saudi Arabia. (Representational Image | AP)

Iran's oil and India's fragile energy security

Washington's decision to dishonour its nuclear treaty with Tehran and hammer on economic sanctions was sudden as well as...

7 Nov 2018 12:45 AM IST

Vincent Campos, a spokesman at the US State Departments energy bureau said talks are ongoing with the eight consumers of Irans oil that received waivers in November with the aim of eventually cutting imports to zero. (Representational image)

India wants to keep Iran oil purchases at 3 lakh barrels per day:...

Iran was India's seventh biggest oil supplier in January, as compared to third-biggest a year ago.

8 March 2019 1:58 PM IST

Saudi Aramco will take full ownership and integrate the refinery into its growing downstream portfolio.

Saudi Arabia to regain India's top oil supplier spot after Reliance...

A refinery in India can also be a base for it to export fuel to deficit countries in Europe and the Americas.

15 Aug 2019 12:53 PM IST

Saudi Aramco, the worlds top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive.

India's oil import from Iran will not be impacted by US sanctions

But paying Iran for the oil India buys would become difficult in case European countries join the US.

9 May 2018 5:53 PM IST

A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

Iraq replaces Saudi as top oil supplier to India in August: report

Overall India's monthly oil imports in August rose 3.1 per cent to about 4.7 million barrels.

11 Sept 2018 9:19 AM IST

Last month India took in 2 million barrels of Iranian crude for the SPR stocks, and another 4 million barrels is expected to be shipped in November.

Iran replaces Saudi Arabia to become top oil supplier to india

Iran produces almost 4 million bpd of oil and exports 2.4 million bpd.

17 Nov 2016 4:05 PM IST