Posts Tagged “india”

North-south transport corridor started tests

North-south transport corridor started tests

Azerbaijan, Russia, Iran and India started testing the North-South Transport Corridor as part of a sports car rally. The event is organized jointly by the Federation of Freight Forwarders of India and the sports club ‘Kalinga Motor’, said Iran’s Ministry of Roads and Urban Development, reported Trend News Agency. Iranian entities organizing the race are…

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Iran export 266,000 bpd oil to India on November 2017

Iran export 266,000 bpd oil to India on November 2017

India, the world’s No. 3 crude oil consumer, received about 266,000 barrels per day (bpd) of oil from Iran in November, according to a review of tanker arrival data from trade sources and numbers available on Thomson Reuters Eikon. For April-November, the first eight months of this fiscal year, India shipped in about 427,200 bpd,…

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Iran: 3rd largest oil supplier for India

Iran: 3rd largest oil supplier for India

Iran has zipped past the likes of Venezuela and Nigeria to become India’s third largest oil supplier as easing western sanctions enabled Indian companies to increase purchases from that country. Saudi Arabia and Iraq continue to be ahead of Iran, which was sixth biggest supplier of crude oil to India in 2015-16, PTI reported on…

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Iran’s oil export to India hit new record in 2016

Iran’s oil export to India hit new record in 2016

India‘s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts. The sharp increase propelled Iran into fourth place among India’s suppliers in 2016, up…

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Photo: Salaam Mumbai movie goes on screen in support of Narges Kalbasi

Photo: Salaam Mumbai movie goes on screen in support of Narges Kalbasi

‘Salaam Mumbai’, Iranian–Indian drama directed by Ghorban Mohammadpour, went on screen on Wednesday in support of Narges Kalbasi Ashtari, the Iranian-British benevolent woman sentenced to one year prison for a crime she didn’t commit. The ‘Salaam Mumbai’ movie up now sold over 6B Iranian Rial (1.6m USD) in just 20 days.   Narges Kalbasi Ashtari…

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Indian Oil plans $5.5 billion expansion of refinery co-owned by Iran

Indian Oil plans $5.5 billion expansion of refinery co-owned by Iran

An Indian Oil Corp unit plans to invest $5.5 billion to gradually raise the capacity of its smallest refinery co-owned by Iran to 300,000 barrels per day (bpd), its chairman said, to help meet a surge in demand for refined products in the world’s fastest growing major economy. The Nagapattinam plant operated by IOC’s subsidiary…

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India, Iran tie up gas field deal

India, Iran tie up gas field deal

India and Iran aim to strike a deal by March to develop an Iranian gas field with estimated in-place reserves of 18.75 trillion cubic feet, the Indian government said in a statement on Wednesday. A consortium headed by ONGC Videsh Ltd (OVL), the overseas investment arm of Indian explorer Oil and Natural Gas Corp, discovered…

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Asia is destination of 60% of Iran’s crude exports

Asia is destination of 60% of Iran’s crude exports

An NIOC official has announced that approximately 62 per cent of Iran’s crude oil exports are delivered to Asian states. Seyyed Mohsen Ghamsari, Executive Director for International Affairs at National Iranian Oil Company (NIOC), made the remarks adding “presently, the average volume of oil exports to Asian countries stands at more than 600 thousand barrels…

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India’s Iran oil imports rise to 552K BPD

India’s Iran oil imports rise to 552K BPD

India- Iran’s top customer after China — imported about 552,200 barrels per day (bpd) of oil from the Persian Gulf nation in September, more than double the same month a year ago following the end of sanctions on Tehran in January. India’s oil imports from Tehran in January-September grew 90.5 percent to an average 411,900…

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