Now US may offer oil to India on concessional terms


Now US may offer oil to India on concessional terms

The US may offer oil and gas to India on concessional terms from its own reserves to help the country tide over lifting of Iran sanction waiver that would suck out close to 10 per cent of Indian crude imports.

Diplomatic sources said the talks between Indian officials and the visiting US Principal Deputy Assistant Secretary of State for South and Central Asia, Alice Wells, on Tuesday focused on ways to ensure that India does not face oil shortage.

The US has also indicated its intent of supplying increased quantities of oil and gas to India on a short notice to prevent the country from facing any shortages. Read More

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