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India likely to get a booster on crude oil and trade fronts

With Iran reaching an agreement on its nuclear programme, India is expected to be one of the major gainers. The deal comes a day after Greece reached an agreement with the European Union (EU) on......

Despite deal, India's payment issues with Iran persist

India owes Iran around $8.8 billion primarily on account of crude oil imports. The US and Iran may have reached an agreement on reduction in the latter's uranium enrichment programme and lifting of......

India pushing Iran to accept Rs for oil imports

Keeps open the option to make payments in yen or yuan in the face of sanctions India is making a last-ditch effort to get Iran to accept rupee payments for oil but has kept the option open to pay......

Govt starts oil diplomacy with US

As the government gets ready to float a separate company for developing an oil/gas block in Iran, it has started diplomatic talks with the US on the issue, to avoid Western sanctions. The ministry......

Fresh problem in Iran oil plan

Petroleum Minister M Veerappa Moily’s plan to cut foreign exchange outflow on crude oil import via Iran is set to hit a block. The minister had suggested 11 million tonnes of crude oil import......

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