India, which has galloping energy needs, went out of its way to co-operate with the United States. India has brought down the import of oil from Iran, with which it has historic and cultural ties, to almost zero.
India has stopped importing oil from Iran after American waivers granted to eight buyers expired early this month, New Delhi's envoy here has said, becoming the latest country to comply with the US sanctions on Tehran over its nuclear programme.
"We have to fulfill our own domestic requirements. Some of our companies have already nominated theire quota for November," said the Minister for Petroleum and Natural Gas, while referring to import of Iran's oil by Indian companies.
"We have comprehensive cooperation with India that includes energy cooperation,” said Iranian Foreign Minister.
Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran, the official added.
32 crew members, including 30 Iranians and 2 Bangladeshis, went missing after the tanker collided with a Hong Kong-registered bulk freighter and caught fire
Washington: White House has cautioned a hostile Republican controlled Congress against killing the historic Iran nuclear deal saying loss of support from countries like India would lead to a collapse of the sanctions regime."The key to the success of
Washington, Jun 13: US Secretary of State Hillary Clinton today complimented India for the reduced dependence on Iranian oil saying “habbits of cooperation is paying off” to deny Iran's nuclear ambitions.“On the critical security challenge
Washington, Feb29: The United States is having "very intense and very blunt" conversations with India, China and Turkey on reducing their dependence on Iranian oil, secretary of state Hillary Clinton has told lawmakers. Clinton, testifying
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