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After PM's visit to US, oil secy says India to cut Iran oil imports by 15%

Oct 01, 2013

After PM's visit to US, oil secy says India to cut Iran oil imports by 15%

India aims to cut Iranian crude imports by 15 percent this fiscal year, the oil secretary said on Tuesday, differing from the oil minister who recently said he wanted to hold the shipments at last year's levels. #Manmohan Singh #oil #NewsTracker #Veerappa Moily #Vivek Rae #Iran oil import
Why Moily's idea of buying oil from Iran won't work

Sep 02, 2013

Why Moily's idea of buying oil from Iran won't work

If the United States could pressurise India into cutting down its oil purchases from Iran in March 2012, it can do the same in September 2013. #United States #Dollar #ConnectTheDots #Veerappa Moily #Iran #Saudi Arabia #Rupee fall #Iran oil import
Dear Moily, India needs oil deregulation, not petrol pump curfew

Sep 02, 2013

Dear Moily, India needs oil deregulation, not petrol pump curfew

How can anyone take seriously a Government that allows this perversity in the face of runaway current account and fiscal deficits? Veerappa Moily is on slippery ground, just like his populist Government which seems determined to worsen, rather than improve, its own credibility and India's economic crisis. #Economy #Manmohan Singh #ConnectTheDots #fiscal deficit #Veerappa Moily #Oil Minister #Petrol pump #Iran oil import
India to get third US waiver from sanctions on Iran imports?

May 24, 2013

India to get third US waiver from sanctions on Iran imports?

India has made "tremendous progress" in reducing oil imports from Iran, a senior US government official said on Friday, in a sign the South Asian nation is likely to get a third waiver from sanctions imposed by Washington against Tehran's nuclear programme. #India #NewsTracker #Iran #Iran oil imports
Exemption from Iran oil sanctions only for 6 months US

Jun 15, 2012

Exemption from Iran oil sanctions only for 6 months US

The clarification came days after US Secretary of State Hillary Clinton determined that seven countries including India would be exempted from the Iranian sanctions act, noting that these countries have "significantly" reduced their dependence on Iranian oil. #India #NewsTracker #Hillary Clinton #Iran United States relations #Iran oil