Latest News on Oil Import
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Oil Import - Total results - 24
Feb 15, 2019
Exports up 3.74% to $26.4 bn in January on higher growth in gems and jewellery, pharma; trade deficit narrowsThe country's exports grew 3.74 percent to $26.36 billion in January on account of growth in sectors such as gems & jewellery, pharmaceuticals and chemicals, according to data from the commerce ministry
Dec 07, 2018
India inks pact with Iran to pay crude bill in rupee; 50% funds to be used to export items to TehranThe memorandum of understanding (MoU) was signed following the US letting India and seven other nations to keep buying Iranian oil despite sanctions were reimposed on the Islamic state on 5 November.
Nov 06, 2018
'Not looking to be a great hero': Donald Trump on exemptions on Iranian oil granted to India, either othersThe Trump administration was caught between allies at home and abroad and the reality of global economics on Monday as it reinstated sanctions on Iran.
Nov 05, 2018
India, China among 8 countries temporarily allowed to buy Iranian oil: US secretary of State Mike PompeoThe US on Monday imposed "the toughest ever" sanctions on a defiant Iran aimed at altering the Iranian regime's "behaviour".
Oct 12, 2018
Narendra Modi reviews oil and gas production profile of ONGC, OIL; Dharmendra Pradhan also present at meetingNarendra Modi on Friday reviewed the oil and gas production profile of state-owned ONGC and OIL over the near to medium term to assess how his target to cut oil imports by 10 percent would be met.
Aug 27, 2018
Govt plans to come up with 'special policy' for biofuel use in aviation sector, says union minister Nitin GadkariNitin Gadkari was speaking at a function to mark India's first test flight partially powered by biofuel that landed Delhi from Dehradun
Aug 10, 2018
Narendra Modi says ethanol production to save Rs 12,000 cr in imports; blames previous govts for not being serious about itPrime Minister Narendra Modi said as many as 12 biofuel refineries at an investment of Rs 10,000 crore have been planned in the country
Jul 26, 2018
Amid US sanctions, Iran extends shipping, insurance cover to keep oil flowing to IndiaThe US has threatened to cut off access to the American banking system for foreign financial institutions that trade with Iran. This has led to European re-insurers refusing to give insurance cover to firms importing Iranian oil.
Jul 12, 2018
Govt sets up task force to suggest ways on reducing import dependence, says officialIn 2017-18, India's imports grew about 20 percent to $460 billion.
Jan 16, 2018
Sensex, Nifty retreat from record highs on profit-booking, weak macroeconomic dataSensex after a higher start at 34,877.71, advanced to 34,936.03 in morning trade on continued buying by investors. However, across-the-board profit booking at record levels pulled it down to a low of 34,735.55 and finally settled 72.46 points, or 0.21 percent.