• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 6 hours Tidal Power Closer to Commercialisation
  • 6 hours US-backed coup in Venezuela not so smooth
  • 3 hours Oil-sands recovery by solvents has started on a trial basis; first loads now shipped.
  • 3 hours New Rebate For EVs in Canada
  • 10 hours Read: OPEC THREATENED TO KILL US SHALE
  • 3 hours Solar to Become World's Largest Power Source by 2050
  • 11 hours Why U.S. Growers Are Betting The Farm On Soybeans Amid China Trade War
  • 18 hours Fisker Announces 'Mass Market' Electric SUV
  • 6 hours Malaysia Oil & Gas Updates
  • 1 hour Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 2 hours Oil stocks are heating up again! What's on your Watchlist?
  • 7 hours Biomass, Ethanol No Longer Green
Cuba Faces Oil Crisis As Venezuela Crumbles

Cuba Faces Oil Crisis As Venezuela Crumbles

While sanctions continue to weigh…

Big Oil Is Backing Methane Regulation

Big Oil Is Backing Methane Regulation

The oil industry appears to…

India's Esser Oil Increases Iranian Imports

India’s privately owned Esser Oil has reportedly increased imports of Iranian oil by one-third in July and has renewed its deal with Iran for the purchase of 100,000 bdp in 2012-2013.

Despite the new deal with Iran, the company, which operates as a private refinery, said it would cut Iranian imports by 15% in accordance with a government directive. 

Since April this year, Esser Oil has imported over 100,000 bpd from Iran, at a time when India’s overall imports of Iranian oil fell by more than 40% in July, with the onset of new US sanctions and the European Union’s decision to implement its own sanctions on 1 July.

China and India are Iran’s largest clients.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News