Tehran plans to lift exports by 500,000 barrels per day
"10 minutes before the strike I stopped it, not proportionate to shooting down an unmanned drone".
India's Iran imports rise to 276,800 bpd vs 195,600 bpd in 2013.
The known unknowns in Prime Minister Modi's Saudi visit assume great significance, says Ambassador M K Bhadrakumar.
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
India's imports from Iran rose to 250,200 barrels per day
India plans to further cut imports from Iran by 13 per cent next fiscal even though easing of US and western sanctions has made buying crude oil from the Persian Gulf nation easier.
The United States wants India to wait for a final nuclear deal between Tehran and world powers before actively engaging with Tehran.
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