Iran-India trade
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Iran-India Trade Hits about $1.3 bln in 9-Month Period
India’s Ministry of Commerce and Industry in its latest report said Tehran and New Delhi exchanged about $1.3 billion of products in the first nine months of 2023 (January-September).
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Commerce Ministry for resumption of ACU payment mechanism with Iran
EghtesadOnline: The Indian commerce ministry has pitched for resumption of the Asian Clearing Union (ACU) mechanism of payment with Iran in order to promote bilateral trade.
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Iran, India stress facilitating use of credit lines
EghtesadOnline: Economy Minister Ali Tayebnia met with his Indian counterpart Arun Jaitley in Seoul, capital of South Korea, on Friday and reviewed methods to facilitate the use of credit lines…
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Tehran seeks better banking ties with Seoul, New Delhi
EghtesadOnline: Iranian Finance Minister Ali Tayyebnia met his South Korean and Indian counterparts in Seoul on Friday, discussing ways to improve banking cooperation between Iran and the two…
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India, S. Korea Cut Crude Imports From Iran
EghtesadOnline: India's oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian…
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Container Ship Completes Kandla-Chabahar Trip
EghtesadOnline: The Iranian container ship ‘Behshad’ carrying 625 TEUs from India’s Kandla Port in Kutch District of Gujarat docked at Iran’s Chabahar Port off the Persian Gulf on Tuesday, Behrouz…
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Indian Aluminum Company Puts Iran Project on Hold
EghtesadOnline: India’s National Aluminium Company Ltd., otherwise known as NALCO has put all its overseas projects on hold, including one in Iran, to focus on expanding domestic capacity, its…
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India-Chabahar Shipping Route Debuted
EghtesadOnline: A container ship carrying 300 TEU (twenty-foot container equivalent units) of rice from India’s Kandla Port in Kutch District of Gujarat docked at Iran’s Chabahar Port last week…
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India’s 1st container ship docks in Chabahar
EghtesadOnline: A senior trade official announced on Wednesday that an Indian cargo ship with 300 containers of goods, including rice, docked in Shahid Kalantari pier in the port of Chabahar…
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Indian Refiners Offered Oil Tanker Service
EghtesadOnline: The National Iranian Tanker Company is willing to expand cooperation with Indian refiners and help ship their petroleum products to target destinations.
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Indian Mangoes for Iranian Trial
EghtesadOnline: Iran has become the latest market for Indian mango exports.
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Tehran, New Dehli to Remove Banking Hurdles
EghtesadOnline: Foreign minister Mohammad Javad Zarif emphasized the removal of banking issues between Iran and India during his meeting with Indian Foreign Secretary Subrahmanyam Jaishankar…
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India Imposes Duty on Iranian Float Glass
EghtesadOnline: India’s Finance Ministry has imposed anti-dumping duty on clear float glass imports from Iran, Indian business newspaper The Hindu Business Line reported on its website on Monday.
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India signs first deal to import LPG from Iran
EghtesadOnline: Indian media say the country has for the first time signed a contract to import liquefied petroleum gas (LPG) from Iran as part of New Delhi’s plans to support the rising fuel…
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India Will Cut Oil Imports From Iran by a Quarter
EghtesadOnline: India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row…
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Essar Raises Iran Oil Imports
EghtesadOnline: Essar Oil, Iran's key Indian client, doubled oil imports from Iran in 2016/17 to about 239,000 barrels per day as it stepped up shipments after sanctions against Tehran were lifted,…
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Iran May Expand LPG Export to India
EghtesadOnline: The Iranian Commercial Gas Company (ICGC), a subsidiary of state-owned National Iranian Gas Company, has secured a deal to export liquefied petroleum gas to India.
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Iranian Bitumen Producer Targets Indian, UAE Markets
EghtesadOnline: Hormoz Pasargad Bitumen Products Company, Iran’s biggest producer of the asphalt material used to pave roads, plans to boost output by 15% in the next two years, with all of the…
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India Imposes Duty on Iran LAB
EghtesadOnline: India's Finance Ministry has imposed anti-dumping duty on linear alkyl benzene (LAB) imports from Iran, Qatar and China.
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Iran's crude oil export to India increases 540,000 bpd
EghtesadOnline: Iran’s crude oil export to India for the fiscal year 2016-2017 increased to 540,000 barrels per day showing a three-fold rise in comparison with the preceding year.
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India's oil imports from Iran surge to record high
EghtesadOnline: India's oil imports from Iran hit a record high above half-a-million barrels per day (bpd) in 2016/17 as the two countries stepped up trade after the lifting of sanctions on Tehran.
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India's Biggest Reinsurer Eying Iran
EghtesadOnline: Abdolnasser Hemmati, the president of Central Insurance of Iran, and Alice Vaidyan, CEO of GIC Reinsurance Company, discussed ways of expanding insurance ties between Iran and…
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India says Iran already 'retaliated' against its oil import cut plan
EghtesadOnline: Indian media say Iran has cut by one-third the time it gives to Indian refiners to pay for oil they buy from it and has also raised ship freight rates.
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India's oil imports from Iran top 500,000 bpd in 2016/17 - trade
EghtesadOnline: India's Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions…
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Iran Will Cut Benefits on Oil Sales to Indian State Refiners
EghtesadOnline: Iran will cut some benefits to Indian state-run refiners on crude purchases after the South Asian country decided to reduce the amount of oil it buys from the Persian Gulf nation,…
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Zanganeh Rejects India Threat to Cut Oil Imports
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh on Wednesday dismissed India's decision to cut oil imports from Tehran in 2017-18 by a fifth as a threat, in an escalation of a dispute over…
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Oil, Rice, Chabahar: India-Iran Trade Issues Demystified
EghtesadOnline: Economically tied with high volume trade in crude oil and politically tied with similar interests for stability in the Middle East, Afghanistan, India and Iran have traversed…
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India to Cut Iran Oil Imports in Row Over Gas Deal
EghtesadOnline: Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded…
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India looking for new Iran trade payment fix
EghtesadOnline: India is reportedly working on a new payment mechanism for trade with Iran after indications emerged that the previous one may soon lose its efficiency.
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Iran leapfrogs Iraq as India's no. 2 oil supplier in February
EghtesadOnline: India's oil imports from Iran rose nearly 17 percent in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC…