India welcomes US waiver on oil import sanctions, “examining details”, says MEA


India welcomes US waiver on oil import sanctions, “examining details”, says MEA

India on Friday welcomed the US government decision to give ‘sanctions waiver’ to India on the energy security issue and maintained that the matter is being examined in details.

“We appreciate that the US Government has taken into account our need for energy security and understood our sensitivities on this matter. We welcome this. We are now examining the details of the exemption,” MEA spokesman Mr Raveesh Kumar told reporters here.

He said the government of India has seen the US notification including India in the list of countries granted Significant Reduction Exemption for continued purchase of Iranian crude oil without attracting US sanctions.

To a question on the reduction of oil imports from Iran, Mr Kumar said: “India is a major importer of crude oil from Iran. This is very important for our own energy security needs. We appreciate the fact that US has shown understanding of our position and have said that their intention is not to hurt India”.  Read More

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