India's oil imports from Iran surged to about 705,000 barrels per day (bpd) in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of fresh US sanctions.
India’s Nayara Energy – one of the country’s biggest buyers of crude oil from Iran – has unveiled a plan for a major reduction in oil imports from Iran in the wake of returning US sanctions against the Islamic Republic.
The pre-Iron Age artifacts recently unearthed from Sanauli excavation site in Uttar Pradesh, India, and housed in the premises of the ASI’s Institute of Archeology will be investigated further to test the theories being conjectured around the findings, a senior official said.
The United States is urging India to reconsider its plan to purchase advanced missiles from Russia and instead switch to American systems, touting the ‘strategic importance’ of the relationship between Washington and New Delhi.
Indian state refiner Bharat Petroleum Corp. Ltd. (BPCL) has requested an extra one million barrels of oil from National Iranian Oil Company (NIOC) for June, two industry sources said, amid a looming threat of stringent US sanctions.
India’s Reliance Industries Ltd, owner of the world’s biggest refining complex, plans to halt oil imports from Iran, two sources familiar with the matter said, in a sign that new U.S. sanctions are forcing buyers to shun oil purchases from Tehran.
Around one million bank employees went on strike across India Wednesday, a union representative said, demanding better pay and a government crackdown on companies who willfully default on loan payments.
Iran's key Indian client Nayara Energy, formerly known as Essar Oil, imported nearly 12 percent more oil from Tehran in April compared with a year ago, according to data from the shipping industry and sources.