Oil Import
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Iran-US tensions: 'Highly gratified' by cooperation from 'great friend' India on Iranian sanctions, says White House
•The US is "highly gratified" by the cooperation from a "great friend" like India in enforcing the oil sanctions on Tehran, the White House said on Wednesday as the Trump administration slapped sanctions on Iranian Foreign Minister Javad Zarif
Solvent extractors association asks to hike import duty on Malaysian refined palm oil to safeguard domestic farmers
•Expressing concern over Malaysian palm oil flooding Indian markets, edible oil trade body SEA on Friday asked Prime Minister Narendra Modi to hike import duty on palm oil being purchased from the South-east Asian country, to safeguard domestic oilseed farmers
US hails India's efforts to restrict oil imports from Venezuela, calls it 'considerable cooperation' in its bid to weaken Maduro govt
•The United States on Sunday appreciated India's efforts adding to Washington’s sanctions to restrict exports of Venezuelan oil in the global energy market. “I would say that we have had contacts with Indian companies and with the Government of India and that we have found there to be a very considerable amount of cooperation, which we are very happy to see,” Sputnik quoted US Special Representative for Venezuela Elliott Abrams as saying.
Exports up 3.74% to $26.4 bn in January on higher growth in gems and jewellery, pharma; trade deficit narrows
•The country's exports grew 3.74 percent to $26.36 billion in January on account of growth in sectors such as gems & jewellery, pharmaceuticals and chemicals, according to data from the commerce ministry
India inks pact with Iran to pay crude bill in rupee; 50% funds to be used to export items to Tehran
Fp Staff •The memorandum of understanding (MoU) was signed following the US letting India and seven other nations to keep buying Iranian oil despite sanctions were reimposed on the Islamic state on 5 November.
'Not looking to be a great hero': Donald Trump on exemptions on Iranian oil granted to India, either others
•The Trump administration was caught between allies at home and abroad and the reality of global economics on Monday as it reinstated sanctions on Iran.
India, China among 8 countries temporarily allowed to buy Iranian oil: US secretary of State Mike Pompeo
•The US on Monday imposed "the toughest ever" sanctions on a defiant Iran aimed at altering the Iranian regime's "behaviour".
Narendra Modi reviews oil and gas production profile of ONGC, OIL; Dharmendra Pradhan also present at meeting
•Narendra Modi on Friday reviewed the oil and gas production profile of state-owned ONGC and OIL over the near to medium term to assess how his target to cut oil imports by 10 percent would be met.
Govt plans to come up with 'special policy' for biofuel use in aviation sector, says union minister Nitin Gadkari
•Nitin Gadkari was speaking at a function to mark India's first test flight partially powered by biofuel that landed Delhi from Dehradun
Narendra Modi says ethanol production to save Rs 12,000 cr in imports; blames previous govts for not being serious about it
•Prime Minister Narendra Modi said as many as 12 biofuel refineries at an investment of Rs 10,000 crore have been planned in the country