Insurance (or Lack of It) Is Russian Oil’s Achilles’ Heel May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens...
India’s ONGC Struggles to Ship Russian Oil to Asia as Sanctions Bite: Sources April 28, 2022 By Nidhi Verma and Jonathan Saul India’s Oil and Natural Gas Corp. (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from...
Second Fire Erupts on Indian Oil Corp. Tanker Off Sri Lanka Coast September 3, 2020 By Nidhi Verma and Arjuna Ranawana A new fire broke out on a supertanker carrying about 2 million barrels of oil in the Indian Ocean off...
India Refinery Cancels Iran Oil Imports to Keep Insurance Cover as Sanctions Loom September 20, 2018 By Nidhi Verma India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by...
India’s HPCL Cancels Iran Oil Purchase After Insurer Refuses to Provide Cover: Sources July 26, 2018 By Nidhi Verma India’s Hindustan Petroleum Corp. (HPCL) canceled the purchase of an Iranian oil cargo earlier this month after its insurance company...
India’s Biggest Shipping Firm Resumes Iran Oil Transport with Insurance in Place July 5, 2016 By Nidhi Verma Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo...
India’s Iran Oil Imports Drop as Refiners Await Insurance Fund October 29, 2013 By Nidhi Verma India’s crude imports from Iran fell 40 percent in the first nine months of this year as some refiners cut...
Iranian Trade with India Hit by Insurance Delay Sources Say October 8, 2013 By Nidhi Verma Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships...
Iran Detains Tanker Carrying Iraqi Crude Oil to India August 15, 2013 By Nidhi Verma An Indian ship carrying Iraqi crude has been detained by Iran in its territorial waters due to pollution concerns, the...
India Grants 3 Month Extension to Iranian Underwriters for Non-Oil Shipments July 18, 2013 By Nidhi Verma India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and...