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    You are at:Home » India Has Taken Note Of US Sanctions On Iran: Oil Minister

    India Has Taken Note Of US Sanctions On Iran: Oil Minister

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    By Aruna Sharma on July 26, 2018 BUSINESS

    (PTI)

    India has taken note of US reimposing economic sanctions on Iran, the nation’s second-biggest supplier of crude oil, Oil Minister Dharmendra Pradhan. “Indian refineries import crude oil from diverse sources including Iran, depending on technical and commercial considerations,” he said in a written reply in Rajya Sabha. Pradhan, however, did not give a direct reply to the question whether the US has asked some countries including India to wind-up their business with Iran by November 4.

    “India has taken note of the re-imposition of US Sanctions on Iran in wake of the US pullout from the Joint Comprehensive Plan of Action on May 8, 2018,” he said. Iran was India’s second biggest supplier of crude oil after Saudi Arabia till 2010-11 but western sanctions over its suspected nuclear program relegated it to the 7th spot in the subsequent years. In 2013-14 and 2014-15, India bought 11 million tonnes and 10.95 million tonnes respectively from the country.

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    Aruna Sharma

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