Congress MP Shashi Tharoor Wednesday said the country should make efforts to continue oil supplies from Iran against the backdrop of US sanctions as Iranian oil is the cheapest it could get. As per the sanctions, any country or company that violates the sactions can itself come under it, he said.
The European Union (EU) has come up with a collective position saying they will work out their own arrangements to trade with Iran despite the sanctions and in Euros rather than in dollars, he said. It will be interesting to see how that works and whether there is some way for a country like India, he said. “Because, for us, Iranian oil is the cheapest and easiest oil to get,” Tharoor, Chairman of Standing Committee on External Affairs, said. It would be expensive for the country if it ends up buying American oil (stopping supplies from Iran), he said. Read more
Latest posts by Financial Express (see all)
- Petrol price today: Big relief! Petrol prices slashed further by 24 paise in Delhi; check latest rates - October 19, 2018
- No more choking and stinking! Indian Railways plans new move for train toilets - October 18, 2018
- PM Narendra Modi Can Learn These Lessons From Cairn On Raising Oil Output - October 18, 2018