Saturday 17 November 2018
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business-standard - 8 days ago

Examining details of US exemptions on buying Iranian crude oil: MEA

India Friday welcomed the US announcement allowing it to keep buying crude oil from Iran and said it was examining the details of the exemptions. The US on Monday re-imposed sanctions on import of crude oil from Iran but temporarily allowed India, China, South Korea, Japan, Italy, Greece, Taiwan and Turkey to continue the purchase from the Gulf nation without any penalty. We appreciate that the US government has taken into account our need for energy security and understood our sensitivities on this matter. We welcome this. We are now examining the details of the exemption, External Affairs Ministry Spokesperson Raveesh Kumar said. Asked whether India was going to reduce crude oil imports from Iran, he did not give a direct reply but said Iranian oil was very important for India s energy security. India is a major importer of crude oil from Iran. This is very important for our own energy security needs. We appreciate the fact that US has shown understanding of our position and have

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