EghtesadOnline: In April through January, the first 10 months of this fiscal year, India imported about 17% less Iranian oil at about 442,800 bpd.

EghtesadOnline: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, on Monday said it has not heard from Iran on the $11 billion "best offer" it gave for developing the Farzad-B gas field.

EghtesadOnline: Big plans are afoot for India’s sprawling hydrocarbons industry. Finance Minister Arun Jaitley says the government aims to create an “integrated public sector oil major” to match the might of the international oil and gas giants.

EghtesadOnline: India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports.

EghtesadOnline: A $13 billion deal involving Russia in India threatens to weaken the grip of Middle East crude suppliers in the world’s fastest growing oil market.

EghtesadOnline: Explorers in the world’s fastest-growing oil market are seeking lower taxes on crude produced domestically to encourage fresh drilling as India tries to reduce its dependence on energy imports.

EghtesadOnline: Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states, according to politicians, a diplomat and other people close to the talks.