India: No Deal To Choose US Oil Over Iran’s; Price Alone Will Decide


India: No Deal To Choose US Oil Over Iran’s; Price Alone Will Decide

India is clear that commercial considerations will drive its crude oil imports from the US and that oil bought from Washington should not be seen as replacing Iranian petroleum.

“Yes, scaling up oil imports from the US was discussed at the 2+2 dialogue between the two countries as part of measures to correct the trade deficit. But we are clear that these are commercial decisions — dependent on how competitively oil is priced and on the requirements of our refineries,” said a senior government official.

Besides, the US is working on improving the infrastructure for exporting oil and gas, said the official, adding that “once done the scope of scaling up imports will be higher”. Read more

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