Tag Archives | Reliance Industries

Indian Bank to Stop Handling Iran Oil Payments

India’s oil imports from Iran will be affected from the end of August as the State Bank of India (SBI) has informed refiners it will not handle payments for crude from the Islamic Republic from November, the finance head of Indian Oil Corp said on Friday. “(Oil) loading will be affected from end-August under the […]

India’s Oil Imports from Iran Surge in April

India’s oil imports from Iran showed a 48.8 percent rise in April compared to the same period last year, a report said. Refiners in India took in 393,000 barrels per day (bpd) of Iranian oil in April, according to preliminary tanker arrival data from trade sources, Reuters reported. Part of India’s recent resurgence in Iranian […]

India’s Reliance Eyes Buying More Crude from Iran

A senior official with India’s biggest oil refiner Reliance Industries said the company plans to purchase more oil crude from Iran following the removal of anti-Tehran sanctions. “We have had engagements with Iran before the sanctions and they have grades of crude that are attractive to us from where we are,” V Srikanth, Reliance’s joint […]