India is unlikely to resume Iranian crude oil purchases, which stopped when exemptions to US sanctions expired on May 2, four government officials have said. This is impacting energy security because India hasn’t been able to find an alternative source that matches the quality, quantity and lucrative commercial terms of Iranian crude, the officials added on condition of anonymity.
American sanctions against Tehran have also hit India’s plans to develop Iran’s Farzad-B gas block and indirectly impeded operations at Chabahar port even though it is exempted from the restrictions, they said.
New Delhi is expected to raise the economic losses due to US sanctions when secretary of state Mike Pompeo visits India on June 24, the officials said. Read More
Latest posts by The Hindustan Times (see all)
- India’s energy transition is now the world’s energy transition - July 17, 2019
- Bullet Train Passengers May Be Charged For Extra Baggage - July 14, 2019
- Odisha engine driver runs over man sleeping on tracks, later saves his life - July 10, 2019