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Nidhi Verma

Exclusive: Iran falls to sixth biggest oil supplier to India in November, from fourth in October

2:10am GMT

NEW DELHI India's monthly oil imports from Iran plunged to their lowest in a year in November with Tehran dropping two places to become only the sixth biggest supplier after New Delhi cut purchases due to the impact of U.S. sanctions, according to ship tracking data and industry sources.

Saudi Aramco, ADNOC's India refinery project delayed by two years

11 Dec 2018

NEW DELHI India has delayed the commissioning of a giant refinery that state-owned firms are building in tie up with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC) by two year to 2025, a senior official at the consortium told Reuters on Tuesday.

India's Petronet looking for long-term deal to buy U.S. LNG

10 Dec 2018

NEW DELHI Top Indian gas importer Petronet LNG is looking to sign a deal in a year's time to buy at least 1 million tonnes of U.S. natural gas annually for a period of up to 10 years, as it pushes to diversify its supply sources beyond the Middle East.

India's Petronet looking for long-term deal to buy U.S. LNG

10 Dec 2018

NEW DELHI, Dec 10 Top Indian gas importer Petronet LNG is looking to sign a deal in a year's time to buy at least 1 million tonnes of U.S. natural gas annually for a period of up to 10 years, as it pushes to diversify its supply sources beyond the Middle East.

India's HPCL to buy Iranian oil in Jan after six-month gap: sources

07 Dec 2018

NEW DELHI State-run Indian oil refiner Hindustan Petroleum Corp will buy Iranian crude in January after a gap of six months, with the nation's overall purchases from Tehran at 9 million barrels in the month, four industry sources said.

India's HPCL to buy Iranian oil in Jan after six-mth gap -sources

07 Dec 2018

NEW DELHI, Dec 7 State-run Indian oil refiner Hindustan Petroleum Corp will buy Iranian crude in January after a gap of six months, with the nation's overall purchases from Tehran at 9 million barrels in the month, four industry sources said.

India's ONGC gets $32 million payment from Venezuela's PDVSA

05 Dec 2018

NEW DELHI India's Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuela's state oil firm will be regular in making further payments, a senior ONGC official said.

Indian Oil Corp issues five-year tanker tender to import Iraqi oil: document

04 Dec 2018

NEW DELHI India's top refiner, Indian Oil Corp (IOC), has issued a global tender to charter scrubber-fitted oil tankers for at least five years to import Iraqi oil, a tender document seen by Reuters showed.

Wave of refinery shutdowns may push India into importing fuel next year

27 Nov 2018

NEW DELHI/MUMBAI A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels.

Wave of refinery shutdowns may push India into importing fuel next year

27 Nov 2018

NEW DELHI/MUMBAI, Nov 27 A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels.

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