Well prepared to deal with end of US waiver for importing oil from Iran: India


Well prepared to deal with end of US waiver for importing oil from Iran: India

India is “adequately prepared” to deal with the impact of the US decision to end waiver for importing oil from Iran, the government said on Tuesday, and that it will work with other partner countries, including the US, to find “all possible ways” to protect its energy security and economic interests.

“Government has noted the announcement by the US Government to discontinue the Significant Reduction Exemption to all purchasers of crude oil from Iran,” said the External Affairs Ministry.

“We are adequately prepared to deal with the impact of this decision… Government will continue to work with partner nations, including with the US, to find all possible ways to protect India’s legitimate energy and economic security interests.”

The Ministry of Petroleum and Natural Gas has also said that the government has put in place a “robust plan” to ensure that there is adequate supply of crude oil to Indian refineries from next month. Read More

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