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India Iran oil import News

04 Apr 2016

India's Iran oil imports set to surge to 7-year high in 2016/17: Sources

India is set to import at least 400,000 barrels per day (bpd) of Iranian oil in the year from April 1, with refiners looking to ramp up purchases after the sanctions targeting Tehran ended in January, industry sources familiar with the matter said.

18 Jan 2016

India looks to raise oil imports from Iran as sanctions lifted

With crippling international sanctions against Iran ending, India is looking to increase crude oil imports from the Persian Gulf nation and get oilfield contracts but faces an immediate USD 5.8 billion payout in past oil dues.

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