90274
Germany Suggests India Continue Iran Oil Imports
Germany Suggests India Continue Iran Oil Imports

Germany Suggests India Continue Iran Oil Imports

Germany Suggests India Continue Iran Oil Imports

Speaking to Indian TV, Germany voiced hope that India would continue to purchase Iranian oil in the face of looming US sanctions against Tehran.
"It will be India's sovereign decision. I am not a salesman for Iran but I have an impression that India is willing to continue buying oil from Iran and this will be a very important statement," German minister of state for international affairs, Neils Annen who had a 2-day trip to Bangladesh last week to discuss bilateral issues, was quoted as saying by Sputnik.
He also described the US drive to pressurize its allies to comply with anti-Iran sanctions as "irritating, to put it mildly".
The statement came after the Iranian Embassy signaled the Islamic Republic's willingness "to do its best to ensure the security of [its] oil supply to India".
The embassy also vowed to offer "flexible measures" to boost bilateral trade with Iran, which "has always been a reliable energy partner for India".
At the same time, Tehran stressed last week that it would suspend all privileges extended to New Delhi in bilateral trade, including payments in rupees, if the Indian government cuts back on oil imports from Iran after the US sanctions are introduced in early November 4.
Earlier this week, Tehran stressed that it would suspend all privileges extended to New Delhi in bilateral trade, including payments in rupees, if the Indian government cuts back on oil imports from Iran after the US sanctions kick in on November 4.
India's minister of petroleum and natural gas, Dharmendra Pradhan, stated that the Indian government would make a decision before the implementation of the US sanctions against Tehran on Nov. 4.
On May 8, US President Donald Trump announced that his country has withdrawn from the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action.
According to the US Treasury Department, following a wind-down period, three different rounds of sanctions will be imposed on Iran in the coming months. They are scheduled for August 6, November 4 and November 5, respectively.
Other signatories to JCPOA, including Russia, China, Germany, Britain, and France, have refused to exit from the deal and introduce sanctions against Iran.

Short URL : https://goo.gl/5EzYfE
  1. https://goo.gl/mvVvYn
  • https://goo.gl/nQ9SDW
  • https://goo.gl/cJCFCw
  • https://goo.gl/J3Szch
  • https://goo.gl/66u4hG

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus