Oil India

India's BPCL Buys American Oil Headed To China, Diverted After Tariffs

India News | Dhwani Pandya, Bloomberg | Thursday September 5, 2019

An Indian state-owned refiner has swooped in to buy American oil that was en route to China but due to arrive after new tariffs kicked in.

Oil India Wants To Exit Russian Project: Dharmendra Pradhan

Business | Thomson Reuters | Wednesday July 3, 2019

Mr Pradhan said on Wednesday the company has not yet decided to exit from its shale assets in the United States.

India Not Buying Oil From Iran After US Waivers Expired: Envoy

India News | Press Trust of India | Friday May 24, 2019

India has stopped importing oil from Iran after American waivers granted to eight buyers expired early this month, New Delhi's envoy in Washington has said, becoming the latest country to comply with the US sanctions on Tehran over its nuclear programme.

India Monitoring Costs Of Importing Non-Iranian Oil: Report

Business | Indo-Asian News Service | Wednesday May 8, 2019

Oil imports from Iran in the past fiscal ended March amounted to about $9 billion, as per industry figures.

After US Move Against Iran Oil, India Says "Studying Implications"

India News | Press Trust of India | Monday April 22, 2019

In a move that could have implications on India's energy security, US President Donald Trump on Monday decided not to grant sanctions exemptions to any oil customers of Iran, further squeezing Tehran's top export commodity.

India Delays May Order For Iran Oil, Awaits Clarity On Sanctions Waiver: Report

Business | Thomson Reuters | Tuesday April 9, 2019

India hopes to get clarity in seven to 10 days on any extension of the waiver, as well as the amount of oil that could be purchased if an extension is given, the sources said.

Engaged With US On Import Of Iranian Oil: India

India News | Press Trust of India | Thursday April 4, 2019

As the US waiver on import of Iranian crude oil expires next month, India Thursday said it was engaged with the Trump administration on the issue.

Government Raises Natural Gas Price For April-September By 10%: Report

Business | Thomson Reuters | Friday March 29, 2019

Higher gas prices, however, will lead to higher earnings for state-owned Oil and Natural Gas Corp Ltd and Oil India Ltd.

India Wants To Keep Iran Oil Purchases At 3 Lakh Barrels Per Day: Report

India News | Reuters | Friday March 8, 2019

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in with knowledge of the matter said.

Venezuelan Oil Finds Home In India As US Turns Away Shipments

World News | Lucia Kassai, Bloomberg | Monday February 18, 2019

India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation.

Venezuela Turns To India For Major Oil Exports As US Sanctions Bite

India News | Reuters | Wednesday February 13, 2019

Venezuela's oil exports have tapered off and shifted toward India since new US sanctions began on January 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.

Centre Asks Firms To Boost Shale Oil And Gas Discovery Efforts: Report

Business | Thomson Reuters | Sunday February 10, 2019

In late 2013, the government gave rights to Oil and Natural Gas Corp to explore for shale oil and gas reserves.

Government Says Examining Details Of US Exemptions On Buying Iran Oil

India News | Reuters | Friday November 9, 2018

Government is examining the details of exemptions given to the country by the United States that will allow it to continue to buy Iranian crude oil, a foreign ministry spokesman said on Friday.

"Have Gone To Extra Lengths For India, Others": US On Iran Oil Substitute

India News | Press Trust of India | Friday October 5, 2018

The United States is going an extra length for countries like India and Iraq to find substitute for Iranian oil, the White House said.

Exploring Alternatives For Iranian Oil For "Our Friend India", Says US

India News | Press Trust of India | Saturday September 29, 2018

With a tougher round of US sanctions on Iran coming into effect from November 4, a top Trump administration official said Washington recognises India's need for significant oil imports and is having conversations to ensure there are alternative supplies of the fuel "so that our friend India's economy is not adversely affected".