Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Whatever In National Interest Will Be Done: India On Import Of Iran Oil.


Date: 14-07-2018
Subject: Whatever In National Interest Will Be Done: India On Import Of Iran Oil
NEW DELHI: Amid concerns over the import of oil from Iran following US sanctions, India today said whatever is mandated to be done in its national interest will be done.
In response to a question on the comments made by Iran Deputy Ambassador and Charge d'Affaires Massoud Rezvanian Rahaghi at a seminar on Tuesday that New Delhi would stand to lose "special privileges" if it cut import of Iranian oil following US sanctions, Ministry of External Affairs spokesperson Raveesh Kumar said his remarks were "misquoted" and that the Iranian side had issued a clarification in this regard.

The Iranian embassy released a statement yesterday that Tehran would do its best to ensure security of oil supply to New Delhi, asserting that it had been a reliable energy partner for India.

"For India, Iran is an important partner for energy and connectivity. In the clarification by the Iranian embassy, they have explained a lot of things.... It got reported, it got misquoted and they thought there was a need to clarify. They have understood our position and of course, and we do share a very strong relationship," Mr Kumar said.

He added that India is in touch with Iran on several issues, including on the fallout of the US withdrawal of the Joint Comprehensive Plan of Action (JCPOA) or the nuclear deal signed between Iran on one side and the US, China, France, Germany, Russia, the United Kingdom on the other.

In response to another question on whether there was any development on the US reaching out to India over the issue of reduction of imports from Iran, Mr Kumar said, "They had indicated. In fact, a statement was made by the US State Department that they would like to get in touch with or they are prepared to engage in discussions with various countries in the matter. They did not specify India."

He further said, "We do welcome such engagements. We have taken a note of it. We will see what necessary steps we need to take in this. One thing is very clear that whatever is mandated to be done in our national interest, those things we will be doing."

Iran is India's third-largest oil supplier after Iraq and Saudi Arabia. Iran supplied 18.4 million tonnes of crude oil between April 2017 and January 2018 (first 10 months of fiscal 2017-18).

The US has told India and other countries to cut oil imports from Iran to "zero" by November 4 or face sanctions. The Trump Administration brought back sanctions against Iran after pulling out the US from the Iran nuclear deal.

Shipping to Iran and ports in the country are also coming under the US sanctions.

Mr Kumar did not respond to a question on whether there was any reduction in the oil imports. He said these are operational questions and should be addressed to the Ministry of Petroleum and Natural Gas.

Mr Rahaghi had also said that it was unfortunate that Indian investment promises for expansion of Chabahar port and its connectivity projects had not been accomplished so far and that it was expected that India would take immediate necessary measures in this regard if its cooperation and engagement in the port was of strategic nature.

Mr Kumar said India is committed to the development of Shahid Beheshti Terminal of Chabahar port.

Source: ndtv.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 04-04-2025
NOTIFICATION No. 23/2025-Customs
Seeks to amend entry 515C of notification 50/2017-Customs

Date: 27-03-2025
NOTIFICATION No. 11/2025–Central Tax
Seeks to notify Central Goods and Services Tax (Second Amendment) Rules 2025

Date: 13-03-2025
Notification No. 10/2025 – Central Tax
Seeks to amend notification No. 02/2017-Central Tax.

Date: 07-03-2025
Notification No. 16/2025-Customs
Seeks to amend import duty on Lentils (Mosur)

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001