Tag Archives | HPCL-Mittal Energy Ltd (HMEL)

Iran Signed Deal with Gazprom over Farzad B

Iran has signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B gas field – a project which the country has for long been negotiating with an Indian consortium. The announcement over Farzad B agreement was made by Iran’s Petroleum Minister Bijan Zanganeh. Zanganeh said in an interview with Argus […]

India’s IOC Clears $510m of Iran Oil Dues

Indian Oil Corp (IOC), the country’s biggest oil firm, has settled $510 million of its outstanding oil dues to Iran, a senior official with the corporation said. IOC Director Sanjiv Singh said the company has paid $510 million out of the total outstanding of $621 million due to Iran in past oil dues, Press Trust […]

India Pays some Oil Dues ahead of Modi’s Visit

The Indian government on Saturday paid the first part of its outstanding oil dues to Iran ahead of a visit by the country’s prime minister to the Islamic Republic, a report said. According to a report carried by the Business Standard, Indian refiners cleared part of their $6.5 billion debt to Iran in euros through […]

India to Pay Oil Dues via European Banks

The Indian oil minister said the South Asian country is scheduled to pay an outstanding oil debt to Tehran via European banks. Iran and India have agreed to use European banks to process pending oil payments to Tehran, Dharmendra Pradhan told Reuters. “There is an agreement between (India and Iran’s) central banks. European banks will […]