26 Oct 2019 India's dependence on Iran's export of crude oil was being seen as a major factor in the US approach to sanctions against Iran. India had no India's oil import bill may halve if current crude price holds. If the price remains around $30 for most parts of 2020, import bill could reach its all time low in many India had imported 2.32 Million Tonne of Iranian crude in December 2017. Cumulatively, oil imports from Iran during the April-December 2018 period increased 18 24 May 2019 India has stopped importing oil from Iran after American waivers granted to To reduce Iran's crude oil export to zero, the US ended on May 2 12 Apr 2019 India imported about 5 percent more oil from Iran in the last fiscal year FILE PHOTO: Malta-flagged Iranian crude oil supertanker "Delvar" is 23 May 2019 India joins a list of other Iranian oil purchasers that have officially stopped importing the sanctioned nation's crude oil after the waivers expired,
US sanctions have forced a leading purchaser of Iranian crude exports to buy more oil from Saudi Arabia and the United States. India has officially ended all oil imports from Iran, India’s Ambassador Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi has managed to emerge victorious from India’s Two Indian oil companies have placed orders to import Iranian crude next month, Oil Minister Dharmendra Pradhan said Monday, defying a call from President Donald Trump's administration for Oil refiners such as state-owned IOC and MRPL could use UCO Bank or IDBI Bank to route oil payments to Iran, sources said. India had planned to import about 25 million tonnes of crude oil from Iran in the current fiscal, up from 22.6 million tonnes imported in 2017-18.
3 Jul 2019 Indicating that there is still some confusion in India's position on stopping oil imports from Iran in line with sanctions by the United States, the 24 May 2019 India had already sharply decreased its imports from Iran and bought one million tonnes of crude in April, the last month before Washington 12 Jun 2019 India imported Iranian crude by using Indian rupees and euros that would avoid dollar transactions. Gasoline imports. Data sources: International 23 May 2019 India had already sharply decreased its imports from Iran and bought one million tonnes of crude in April, the last month before Washington 23 Apr 2019 The move forces India to either cut its oil imports from Iran or risk exposure to moves towards getting to zero crude oil importation" from Iran.
There are significant trade ties, particularly in crude oil imports into India and diesel exports to Iran. Iran frequently objected
2 May 2019 The US decision to end sanctions waiver given to India on crude oil import from Iran is bad news and comes at a bad time, when the 28 Jun 2018 Oil Minister Dharmendra Pradhan in Mumbai said India will decide on Iranian imports keeping its best interest in mind. Our basket (of crude 28 Nov 2018 India has increased the volume of crude oil imports from Iran by 36 per cent to reach 2.57 million tonnes in October compared to 1.89 million 20 Jul 2015 A few years ago, 17 percent of Indian oil imports were from Iran, ministry official noted last week that “There is no dearth of crude oil in the 22 Mar 2019 KOLKATA (miningweekly.com) – India is negotiating with the US for exemptions from “extended sanctions” to maintain its current level of crude 15 May 2012 Reduction in crude oil imports could help India avoid U.S. sanctions set to take effect next month.