Iranian Oil

  • India could save $8.5 billion by buying extra Iranian oil: Veerappa Moily 02-09-2013 09:29 AM

    India could save $8.5 billion in foreign exchange spending on crude oil imports in 2013/14 if it relied more on supplies from Iran, which is able to accept payment in rupees, Oil Minister M Veerappa Moily said. In a letter to Prime Minister Manmohan Singh spelling out a strategy to...
  • India, Iran resolve oil payment row 01-08-2011 07:40 PM

    New Delhi: India has resolved an oil payment dispute with its second biggest supplier Iran through bilateral negotiations and agreed to settle the outstanding bills as soon as possible, officials said. "Following bilateral negotiations, the two sides agreed to settle the outstanding bills as soon as possible," Ahmed Qalebani, managing...