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India pressing US for resumed oil imports from Iran: Report

Press TV – September 18, 2019

Indian authorities have renewed their efforts to persuade the United States to lift sanctions on imports of oil from Iran amid disruptions caused to supplies from Saudi Arabia following attacks last week that hit oil installations east of the kingdom.

A Tuesday report on the website of The Mint, an Indian financial newspaper, showed that India had held fresh talks with the government of US President Donald Trump on renewed energy imports from Iran.

India stopped crude imports from Iran on May 2 after the White House toughened its sanctions on Iran and removed waivers granted to India and several other countries.

New Delhi used to be Iran’s second top buyer of oil before American sanctions were imposed in November with imports exceeding 20 million tons a year.

India’s External Affairs Minister Subrahmanyam Jaishankar said on Tuesday that resuming oil imports from Iran had never turned into a “static” issue and authorities were trying to find a solution to the problem.

“We are in dialogue with all suppliers including Iran,” said Jaishankar, adding that India wanted to ensure that supplies of energy into the country would remain predictable and affordable.

The remarks come after attacks on Saturday on key oil installations in Saudi Arabia’s Abqaiq cut the kingdom’s production in half.

The attacks, claimed by Yemen’s ruling Ansarullah movement, sent shockwaves across the global markets and caused a historic surge in prices while sparking serious concerns in energy-thirsty countries like India about the future of oil supplies.

While trying to revive imports from Iran, India has said it would seek a contract with Russia to secure a long-term supply of oil from the country.

September 18, 2019 - Posted by | Economics | , ,

1 Comment »

  1. What International Law allows the USA Government to tell other peace loving countries NOT to trade their Goods and Services? Shouldn’t the UN have that power?(sorry, I’m aware that the USA long ago decided that The USA runs this Planet and not The UN).
    When one country thinks IT can tell everyone else what to do, there’s never going to be Peace on Earth.

    Comment by Brian Harry, Australia | September 18, 2019 | Reply


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