Page 5 - Indian Oil Import
After 3-month gap, HPCL, BPCL to import 1 mn barrels of Iranian oil in Feb
Indian Oil Corp will lift 5 million barrels of Iranian oil in February, the same as this month
 "After 3-month gap, HPCL, BPCL to import 1 mn barrels of Iranian oil in Feb")
India to import Iranian crude oil using rupee payment mechanism: Source
India is Iran's second-biggest buyer of oil after China
 "India to import Iranian crude oil using rupee payment mechanism: Source")
Oil import bill for FY19 seen rising 42%; falling rupee cause for concern
The benchmark Indian crude oil basket is now estimated to average $77.88 a barrel for FY19, compared to the government's earlier estimate of $65 a barrel for the year and $56.39 for FY18
 "Oil import bill for FY19 seen rising 42%; falling rupee cause for concern")
After Modi raises India's pricing concerns, Opec says no oil supply worries
Opec Secretary-General Mohammed Sanusi Barkindo said India's crude oil demand was expected to rise by 5.8 million bpd by 2040, accounting for around 40% of the global demand rise by then
 "After Modi raises India's pricing concerns, Opec says no oil supply worries")
Iran becomes India's No. 2 oil supplier, replacing Saudi: Oil minister
Data compiled by Reuters shows that India imported about 3.46 million tonnes, or about 279,000 bpd, from Iran between April and June last year
 "Iran becomes India's No. 2 oil supplier, replacing Saudi: Oil minister")
US says import of Iranian oil sanctionable from Nov 4; India may get relief
US Secretary of State Mike Pompeo indicated that the Trump administration was willing to show some flexibility to countries like India, which is the second largest buyer of Iranian crude
 "US says import of Iranian oil sanctionable from Nov 4; India may get relief")
Venezuela's declining crude exports squeeze India's refiners amid Iran woes
An expert said that while Saudi Arabia was expected to boost supply to India in the short term, those barrels would not match the quality of the missing Venezuelan crude
 "Venezuela's declining crude exports squeeze India's refiners amid Iran woes")
India has 'Plan D' ready for Iran oil as Trump adds sanction pressure
IOC plans to buy 7 million tons of crude from Iran in the year ending March 31 versus 4 million tons in the previous fiscal year
 "India has 'Plan D' ready for Iran oil as Trump adds sanction pressure")
India succumbs to US pressure; prepares for cut in oil imports from Iran
India has said it does not recognise unilateral restrictions imposed by the US, and instead follows UN sanctions
 "India succumbs to US pressure; prepares for cut in oil imports from Iran")
India's April oil imports from Iran highest since Oct 2016 as US curbs loom
Overall, India imported 4.51 million bpd in April, 2.5 percent higher than a year ago, the data showed
 "India's April oil imports from Iran highest since Oct 2016 as US curbs loom")
Govt aims to reduce hydrocarbon imports by 10% by 2022: Dharmendra Pradhan
Pradhan was speaking on the sidelines of a roadshow in Singapore for investors to explore oil and gas in India
 "Govt aims to reduce hydrocarbon imports by 10% by 2022: Dharmendra Pradhan")