Iranian Crude Oil Imports

India's June crude oil imports lowest in over five years; exports also drop

Crude oil imports last month dropped about 19 per cent from a year earlier to 13.68 million tonnes

Iran crude oil imports dips to 1.7 mt in FY20, down from 23.9 mt in FY19

This comes at a time of increasing imports from the US, which rose from 1.9 mt in 2017-18 to 6.2 mt in 2018-19. In H1FY20, India imported 5.4 mt from the US.

US rules out sanction exemptions to countries from Iranian oil import

Iran earlier used to supply 10% of India's oil needs.

After cutting Iran oil imports, India wants sanctions waiver from US

New Delhi needs a waiver to ensure its wider exposure to the US financial system is not affected

India to settle payments for Iranian oil using rupees starting November

Indian refiners are currently using State Bank of India and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros

Govt readies to reduce oil imports from Iran to zero

During the previous round of sanctions, India was one of the few countries that continued to buy Iranian oil

Trump's nuclear deal row: SBI to stop handling Iran oil payments, says IOC

India's refiners currently use SBI and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros

After Trump's sanctions, European oil traders to cut down on Iranian crude

The Trump administration has given buyers 180 days to wind down imports after pulling out of a landmark nuclear deal with world powers

India to cut Iranian oil purchases in row over gas field

PSU refiners to pare imports by 20%, Tehran threatens will slash discount from 80% to 60%