Oil India

  • India seeks to pay Iran oil bill fully in rupees 12-09-2013 06:23 PM

    Keen to reduce a record current- account deficit by raising oil imports from Iran, India is seeking to restart the mechanism of paying the Persian Gulf nation entirely in rupees. Iran had in July agreed to take payments for oil it sells to India entirely in rupees after US and...
  • Govt clears Cairn, Vedanta deal with conditions 01-07-2011 08:08 AM

    New Delhi: The government said it granted Vedanta Resources conditional approval on Thursday to buy a stake in British oil explorer Cairn Energy's Indian business, in a deal valued at around $ 6 billion. Cairn Energy agreed last week to sell a 40 per cent stake in Cairn India to...
  • 'Indian firms can bid for Cairn India stake' 24-08-2010 11:25 AM

    New Delhi: All options are open for Indian state energy firms to make a bid to counter London-based Vedanta Resources' proposed offer to buy a majority stake in Cairn India, an oil ministry source said. The oil ministry made the statement after a media report said ONGC, GAIL and Oil...
  • Blast in OIL pipeline in Assam 26-12-2006 11:57 PM

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  • OIL suspends Brahmaputra basin survey 21-12-2006 07:47 PM

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