Iran: Will Do Our Best To Ensure Oil Supply To India

Iran: Will Do Our Best To Ensure Oil Supply To India

 Iran: Will Do Our Best To Ensure Oil Supply To India(file photo)

New Delhi: Today, Iran said it will do its best to ensure security of oil supply to India. The country also asserted that it has been New Delhi's reliable energy partner for.

The clarification of the Iran's embassy cames just a day after Iran's Deputy Ambassador and Charge d'Affaires Massoud Rezvanian Rahaghi cautioned the capital state that it will stand to lose "special privileges" if it cuts import of Iranian oil following US sanctions. 

It stated that Iran understands New Delhi's difficulties in dealing with the unstable energy market. It also stated that it was upto India to choose its energy partners, after considering various factors like geopolitical considerations and reliability of the oil suppliers.

As per the embassy, The best will be done by Iran to ensure security of oil supply to India by offering various flexible measures which facilitate bilateral trade, particularly Indian exports to Iran.

Yesterday at a seminar, Rahaghi said that Iran will end the privileges being provided to India if it tries to source oil from countries like US, Russia, Iraq, Saudi Arabia, or other to offset cuts in Iranian oil import.

US President Donald Trump's administration brought back sanctions against Iran after  the US was pulled out from the Iran nuclear deal in May. India and other countries have been told by the US to cut oil imports from the Gulf nation to "zero" by November 4 or face sanctions.

India has not yet taken a call on whether to comply with the US sanctions on Iran.

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Today, Iran said it will do its best to ensure security of oil supply to India. The country also asserted that it has been New Delhi's reliable energy partner for.

The clarification of the Iran's embassy cames just a day after Iran's Deputy Ambassador and Charge d'Affaires Massoud Rezvanian Rahaghi cautioned the capital state that it will stand to lose "special privileges" if it cuts import of Iranian oil following US sanctions. 

It stated that Iran understands New Delhi's difficulties in dealing with the unstable energy market. It also stated that it was upto India to choose its energy partners, after considering various factors like geopolitical considerations and reliability of the oil suppliers.

As per the embassy, The best will be done by Iran to ensure security of oil supply to India by offering various flexible measures which facilitate bilateral trade, particularly Indian exports to Iran.

Yesterday at a seminar, Rahaghi said that Iran will end the privileges being provided to India if it tries to source oil from countries like US, Russia, Iraq, Saudi Arabia, or other to offset cuts in Iranian oil import.

US President Donald Trump's administration brought back sanctions against Iran after  the US was pulled out from the Iran nuclear deal in May. India and other countries have been told by the US to cut oil imports from the Gulf nation to "zero" by November 4 or face sanctions.

India has not yet taken a call on whether to comply with the US sanctions on Iran.

The embassy stated, "Iran has always been a reliable energy partner for India and others, seeking a balanced oil market and rational prices of oil which ensure the interests of both countries as consumer and supplier."

India was also criticised by Mr Rahaghi for not fulfilling its promise of making investments in the expansion of the strategically located Chabahar port

The Iranian embassy has also stated on Chabahar. They said Iran has always welcomed Indian initiatives in the project.

It said, "However, due to the importance of the issue, Iran has frequently emphasised on expediting Indian investment, and pushing Indian partner companies to accelerate their engagement in execution of the projects."

It was also said by the embassy that the two countries, Iran and India share the same understanding towards many global and regional challenges and cooperate harmoniously in many international fronts.

The embassy stated, "Iran has always been a reliable energy partner for India and others, seeking a balanced oil market and rational prices of oil which ensure the interests of both countries as consumer and supplier."

India was also criticised by Mr Rahaghi for not fulfilling its promise of making investments in the expansion of the strategically located Chabahar port

The Iranian embassy has also stated on Chabahar. They said Iran has always welcomed Indian initiatives in the project.

It said, "However, due to the importance of the issue, Iran has frequently emphasised on expediting Indian investment, and pushing Indian partner companies to accelerate their engagement in execution of the projects."

It was also said by the embassy that the two countries, Iran and India share the same understanding towards many global and regional challenges and cooperate harmoniously in many international fronts.

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