India - page 6

EghtesadOnline: India and Iran have renewed efforts to operationalize one berth at Chabahar Port amid growing fears of US sanctions on Iran kicking in early next month.

EghtesadOnline: India imported 528,000 bpd of Iranian oil in September, up by 1% from August, due to delays of some August cargos until India n refiners received the government nod to import Iran’s oil on Iranian tankers with Iranian insurance.

EghtesadOnline: Iran, India and Afghanistan held trilateral discussions for the first time ever in Kabul earlier this week.

EghtesadOnline: Iran will hand over the strategic Chabahar Port to an India n company within a month for operation as per an interim pact, Iranian Minister of Roads and Urban Development Abbas Akhoundi said on Thursday.

EghtesadOnline: India will definitely not cut off entirely its crude oil imports from Iran, but it expects to have more clarity on its oil purchasing strategy amid the US sanctions on Tehran at a meeting with top US officials next week, a senior India n government official with direct knowledge of the country’s oil purchasing policy told Reuters.

EghtesadOnline: India is one of the major exporters of ferroalloys to Iran and in turn, sources crude oil from the Islamic Republic.

EghtesadOnline: Speaking to India n TV, Germany voiced hope that India would continue to purchase Iranian oil in the face of looming US sanctions against Tehran.

EghtesadOnline: Iran will take care to supply India with all the oil it needs, the country’s embassy in India said, a day after its deputy ambassador threatened that Iran could turn the tap off if India cut back on Iranian oil under the pressure of US sanctions.