Page-3 of Oil Imports

US-Iran: Four Nuclear Restrictions renewed by US

On March 30, 2020, the US renewed four nuclear restrictions imposed on Iran. The restrictions were imposed to prevent Iran from building its nuclear programme. Highlights The nuclear restrictions on Iran imposed by the US has been renewed for another ..

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Gold Imports of 2019-20 dip by 8.86% narrowing Current Account Deficit to 143 billion USD

On March 16, 2020, the Commerce Ministry reported that the gold imports for the period April to February (2019-20) has reduced by 8.86% as compared to the previous year. Highlights India is the largest importer of gold in the world. ..

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India-Brazil: BIT to be signed; Cabinet approves agreements on legal assistance, Oil

On January 23, 2020, India and Brazil will sign the Bilateral Investment Treaty during the visit of Brazilian President Jair Bolsonaro. The President is visiting India as a Chief Guest of Republic Day celebrations. Highlights The President of Brazil is ..

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India attends Hormuz Peace Initiative

India recently attended the Hormuz Peace Initiative that was held in Tehran. The initiative aimed at stabilizing one of world’s busiest shipping lanes, the Strait of Hormuz amidst US-Iran tensions. It was attended by leading trade partners of Iran namely ..

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IEA launches India’s Energy Policy Report

On January 10, 2020, the International Energy Agency (IEA) launched India’s Energy Policy Report. The report insisted that India should adopt its think tank NITI Aayog’s National Energy Policy. IEA released its “India Report 2020”, in collaboration with NITI Aayog. ..

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Oman ships arrive to participate in Indo-Oman bilateral Naval Exercise “Naseem Al-Bahr”

On January 6, 2020, two Oman ships arrived in Goa to participate in “Naseem-Al-Bahr”, the Indo-Oman bilateral naval exercise. Highlights RNOV are Royal Navy of Oman Vessels. RNOV al Rasikh and RNOV Khassab arrived at Goa. Along with these ships, ..

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