Oil Imports
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India to Build Its Own Oil Tanker Fleet, Aiming to Save USD 8 Billion in Charter Costs: Hardeep Puri
News | Oct 30, 2025, 11:53 AM ISTAt India's Maritime Week in Mumbai, Petroleum Minister Hardeep Singh Puri announced plans for India to build its own fleet of oil tankers. The initiative aims to reduce dependence on foreign shipping and save USD 8 billion annually in charter costs, boosting India's energy and economic self-reliance
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Israel-Iran conflict: Does India need to worry about its fuel supply? What petroleum minister said
India | Jun 17, 2025, 07:25 AM ISTIndia is “comfortably placed” to meet its fuel supply needs despite the Israel-Iran conflict, said Petroleum Minister Hardeep Singh Puri. He credited PM Modi’s leadership for diversifying oil imports and boosting domestic exploration, especially in offshore areas like the Andamans.
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'Not dictating...': US officials say they haven't asked India to reduce purchase of Russian oil
World | Apr 04, 2024, 05:45 PM ISTTwo senior officials from the US Department of Treasury have arrived in India to urge New Delhi to maintain the implementation of the oil price cap aimed at limiting profits to Russia. The G7 nations, the European Union, and Australia jointly implemented a price cap after the Ukraine war began.
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India's Russian oil imports jump 50 times; now accounts for 10% of all import: Official
Business | Jun 23, 2022, 10:58 PM ISTLast month, Russia overtook Saudi Arabia to become India's second-biggest supplier of oil behind Iraq as refiners snapped up Russian crude available at a deep discount following the war in Ukraine. Indian refiners bought about 25 million barrels of Russian oil in May.
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US President Biden announces ban on Russian oil over Ukrainian war
World | Mar 08, 2022, 11:09 PM ISTThe U.S. will be acting alone, but in close consultation with European allies, who are more dependent on Russian energy supplies.
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India's May merchandise exports up 4%, imports rise 4.31%
Business | Jun 14, 2019, 08:50 PM ISTAs per the data furnished by the Ministry of Commerce and Industry, electronic goods, organic and inorganic chemicals, drugs and pharmaceuticals and engineering goods showed high export growth during the month under review.
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South Korea halts oil imports from Iran
World | Sep 24, 2018, 08:50 AM ISTUS President Donald Trump had pulled out the US from the 2015 international Iranian nuclear deal in May.
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US says prepared to work with nations that are reducing oil imports from Iran
World | Jul 03, 2018, 02:14 PM ISTUS will however not grant waivers to countries like India and Turkey as it could substantially reduce pressure on sanctions-hit Tehran.
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‘India will take necessary steps to ensure its energy security’: MEA
India | Jun 28, 2018, 07:26 PM ISTMEA spokesperson Raveesh Kumar pointed out that the statement made by US State Department talks about reducing import of oil from Iran to "zero" by November 4 and there is no talk of snapping ties in that.
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Cut oil imports from Iran to 'zero' by Nov 4 or face sanctions: US to India, other countries
Business | Jun 27, 2018, 04:31 PM ISTA US state department official said that the US has told all countries, including India and China, to stop all their imports of Iranian oil by November 4.
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India plans 25 pc cut in oil imports from Iran over gas field row
May 04, 2017, 12:11 AM ISTIndia has planned to cut oil imports from the Gulf nation by nearly 25 per cent over Farzad-B gas field row .
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Hillary wants India to cut Iranian oil imports
India | May 07, 2012, 06:45 PM ISTKolkata/New Delhi, May 7: US Secretary of State Hillary Clinton today pressed India to do “even more” to cut its oil imports from sanctions-hit Iran to keep pressure on Tehran to meet international demands on