Arab Today, arab today india stands firm on iranian oil imports
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

India stands firm on Iranian oil imports

Arab Today, arab today

Arab Today, arab today India stands firm on Iranian oil imports

New Delhi - UPI

India will continue to explore payment options for oil imports from Tehran and will only abide by U.N. sanctions and not those imposed by any bloc of countries, a government official said. \"As of now, supplies are on and Iran has been very positive and we are still optimistic,\" Indian Oil Minister S Jaipal Reddy said Wednesday. \"We will continue to explore various options of payment to Iran,\" he said, without disclosing what those options might be. Regarding a multidisciplinary Indian ministerial task force that visited Tehran last week to discuss options for payment for the $12 billion of crude oil India annually imports from Iran, Reddy said: \"We cannot disclose such things. We are determined to utilize the option of Iran and Iran has shown lot of understanding and goodwill.\" His remarks come as the European Union agreed Monday to ban Iranian oil imports beginning and to freeze the assets of Iran\'s central bank, increasing pressure on Iran to halt suspected nuclear weapons ambitions. \"We will scrupulously adhere to the sanctions imposed by the U.N. No less, no more,\" Reddy said. India is second-largest importer of Iranian crude oil after China. The Hindu newspaper, reporting that India\'s Essar Oil is believed to have renewed its contract for a supply of crude from Iran for another five years, quoted a company spokesman as saying that Essar \"continues to be able to source the crude that it requires from Iran.\" But Sudhir Vasudeva, chairman of state-run Mangalore Refinery and Petrochemicals Ltd., the largest buyer of Iranian oil, said the company was looking at diversifying its oil purchases. \"The crude oil import from Iran is an area of concern,\" he said. \"We are keeping all the options open. We have to be alive to the situation.\" While not providing figures, Indian Ambassador to the United States Nirupama Rao said India\'s purchase of oil from Iran had dropped slightly in last two years and that further declines were likely. \"Given the sanctions and given the difficulties in operating banking channels vis-a-vis Iran, obviously the volume can\'t be expected to go up in such a situation,\" the ambassador said. China also criticized the European Union for banning oil imports from Iran. \"To blindly pressure and impose sanctions on Iran are not constructive approaches,\" China\'s Foreign Ministry said in a statement Thursday, adding that China hopes to solve such disputes through dialogue and consultation, state-run news agency Xinhua reported. China\'s imports of crude from Iran rose more than 30 percent last year to 27.8 million metric tons, almost 560,000 barrels a day, customs data indicate.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india stands firm on iranian oil imports Arab Today, arab today india stands firm on iranian oil imports

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india stands firm on iranian oil imports Arab Today, arab today india stands firm on iranian oil imports

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday