Oct 06, 2015 at 15:14 | Source: Reuters
Indian Oil Corp, India's biggest refiner, accounted for most of September's rise from the previous month, taking a very large crude carrier carrying two million barrels of oil for its recently commissioned 300,000 barrel-per-day (bpd) Paradip refinery on the nation's east coast, the data showed.
Sep 14, 2015 at 13:44 | Source: PTI
The payments are being made after the July nuclear deal that Tehran has struck with western powers, allowing for suspension and eventual termination of sanctions.
Sep 11, 2015 at 08:50 | Source: Reuters
The refiners - Essar Oil, Mangalore Refinery and Petrochemicals, Indian Oil Corp, Hindustan Petroleum Corp and HPCL Mittal Energy - together owe a total of more than USD 6.6 billion. The USD 700 million part-payment will be split in line of the proportion owed by each.
Aug 17, 2015 at 18:34 | Source: PTI
Rajiv Mehrishi, who had late last month, led a high level delegation to Iran to discuss payment options, indicated that the payments can be in a combination of US dollar or euro and Indian rupees.
Aug 14, 2015 at 11:04 | Source: Moneycontrol.com
Indian Oil Corporation at its meeting held on August 13, 2015, has approved investment of Rs 1000 crore in the Non-convertible Cumulative Redeemable Preference Shares to be issued by Chennai Petroleum Corporation Limited (subsidiary of IndianOil) on private placement preferential allotment basis.
Aug 13, 2015 at 18:17 | Source: Reuters
The landmark nuclear deal between Iran and six major world powers was struck on July 14 and sanctions could begin to be removed later this year if UN inspectors confirm Tehran is complying with its provisions.
Aug 10, 2015 at 08:12 | Source: PTI
The amalgamation will ensure optimal utilisation of resources which will lead to improvement in overall working culture and environment, MRPL Chairman D K Saraff said.
Aug 05, 2015 at 18:20 | Source: PTI
RBI agreed to helping create payment channels to clear the past dues when Finance Secretary Rajiv Mehrishi-led a four member delegation to Tehran last month to discuss modalities of clearing dues.
Jul 15, 2015 at 07:55 | Source: CNBC-TV18
Krish Subramanyam of Altamount Capital advises buying Orchid Chemicals with a target of Rs 67.
Jul 14, 2015 at 21:54 | Source: CNBC-TV18
India will need to clear outstanding dues of USD 6.5 billion to Iran before it starts importing oil in a big way, as it used to before the sanctions in 2014