Iran General NewsUS eyes more cuts in India's oil imports from...

US eyes more cuts in India’s oil imports from Iran

-

AP: U.S. Secretary of State Hillary Rodham Clinton will use a two-day visit to India this week to urge further reductions in Indian imports of Iranian oil.
The Associated Press

By MATTHEW LEE

DHAKA, Bangladesh (AP) — U.S. Secretary of State Hillary Rodham Clinton will use a two-day visit to India this week to urge further reductions in Indian imports of Iranian oil.

A senior official traveling with Clinton in Bangladesh ahead of her arrival in India on Sunday said the matter will be at the top of the secretary’s agenda in talks with Indian leaders.

India, which has tremendous energy needs to fuel its rapid growth, has made some progress in easing its dependence on Iranian oil, but the official said the U.S. wants to see more.

The official, who spoke on condition of anonymity to preview Clinton’s private discussions in Kolkata and New Delhi, said the “trend lines are good” but “we really need to receive assurances that they are going to continue to make good progress.”

The official noted that India had recently stepped up imports of oil from Saudi Arabia to make up for the reduction in Iranian oil and that the U.S. was eager to see the Indians explore other alternatives.

Like other major consumers of Iranian oil, India could face U.S. sanctions by the end of June if the Obama administration determines it has not made significant cuts in imports under a law aimed at squeezing Iran’s petroleum industry to press the country to comply with international demands over its nuclear program.

A dozen European nations and Japan have already been spared from those sanctions after the administration determined they had substantially reduced their Iranian oil imports. India, along with China, South Korea, Turkey and South Africa have still not received such waivers.

The U.S. special envoy for global energy issues, Carlos Pasqual, will visit India later in May to follow up on Clinton’s talks, the official said.

Because of its energy needs, India has bristled at U.S. calls to seek alternatives to cheap Iranian oil. The official said the Indian parliament is especially resistant to comply with demands from Washington on Iran.

After visiting Kolkata, India’s major eastern city, Clinton will travel on Monday to New Delhi where her visit will coincide with that of a major Iranian trade delegation seeking opportunities in the Indian market. The U.S. official downplayed the presence of the delegation, which he said was centered on consumer goods. “I don’t think we are too concerned about it,” he said.

In her talks with Indian officials, Clinton will also be pressing for the country to continue economic reforms and trade liberalization, including dropping restrictions on foreign investment in the finance sector and allowing large western retailers to open up, the official said.

Latest news

Air Pollution Kills 26,000 People in Iran Every Year: Head of Environment Organization

Ali Salajegheh, the head of the Environmental Protection Organization admitted in a conference in Kerman on Monday, May 13...

Australia Sanctions Iranian Regime Navy and IRGC Commanders

On Tuesday, May 15, the Australian Government imposed targeted sanctions on five Iranian individuals and three entities, in response...

Iranian Regime Sabotage Plot Neutralized in Jordan

According to informed Jordanian sources, security authorities thwarted a suspicious plot led by the Iranian regime to smuggle weapons...

Iran Facing Infant Formula Scarcity Again

Iranian media have reported a new increase in the price of infant formula and announced that this trend has...

Iran: Social Security Organization Cuts Insurance for Hundreds of Thousands of Construction Workers

Abbas Shiri, an inspector from the Construction Workers Union, dismissed the claim of insuring 70,000 construction workers as false...

Parliamentary Election Rejected by 92% of Eligible Voters in Tehran

The second round of the twelfth parliamentary elections of the Iranian regime in Tehran was held with an "8...

Must read

Japan urges Iran to abide by UN statement

AFP: Japan on Thursday urged Iran to abide by...

Japanese banks curb loans to Iran – report

Iran Focus: London, Jun. 25 – Japan’s banks are...

You might also likeRELATED
Recommended to you

Exit mobile version