Iran says will strive to ensure oil supplies to India

In this file photo, A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf, Iran. (REUTERS)
Updated 12 July 2018

Iran says will strive to ensure oil supplies to India

  • Iran also wants India to expedite its investment and accelerate engagement for the development of Chabahar port in Iran
  • India, Iran's top oil client after China, asked refiners last month to prepare for drastic reductions

NEW DELHI: Iran will do its best to ensure security of oil supply to India by offering "flexible measures" to boost bilateral trade, a statement from Tehran's embassy in New Delhi said.

Iran is the third-biggest oil supplier to India and has offered refiners incentives including almost-free shipping and an enhanced credit period on oil sales.

Imports from Iran could take a hit as the United States reintroduces sanctions on Tehran after withdrawing from a nuclear deal with world powers.

India, Iran's top oil client after China, asked refiners last month to prepare for drastic reductions or even zero Iranian oil imports.

"Iran understands the difficulties of India in dealing with (an) unstable energy market and it has done and will do its best to ensure security of oil supply to India," the statement said.

India's oil imports from Iran fell about 16 percent in June compared to May, tanker arrival data showed.

"Iran has always been a reliable energy partner for India and others, seeking a balanced oil market and regional prices of oil which ensure the interest of both countries as consumer and supplier," the statement said.

India was one of the few countries that continued to deal with Iran during previous sanctions although it had to cut imports from Tehran as banking, insurance and shipping channels were choked.

"We do share a very strong, very good relationship, we are in touch with them (Iran) on several issues including on the fallout of the US withdrawal from (the nuclear deal)," said Raveesh Kumar, India's Foreign Ministry spokesman.

Officials from the US Treasury Department are expected to meet Indian officials next week regarding sanctions on Iran.

Kumar said India is closely watching the situation and will do "whatever is mandated to be done in our national interest."

Iran also wants India to expedite its investment and accelerate engagement for the development of Chabahar port in Iran, the statement said.

The Indian-backed Chabahar port complex is being developed as part of a new transportation corridor for landlocked Afghanistan that could open the way for millions of dollars in trade and cut dependence on neighboring Pakistan.

"We are committed to the development of the Shahid-Besheshti terminal of Chabahar port. We are moving with speed and scale and the work is underway on all interim operations," Kumar said.

India is trying to make Chabahar port operational by 2019, India's transport minister said last month.


Protests in New Delhi against India’s citizenship law ahead of Trump visit

Updated 59 min 31 sec ago

Protests in New Delhi against India’s citizenship law ahead of Trump visit

  • Hundreds of people supporting the new law clashed with those opposing it
  • The protest comes just a day before US President Donald Trump begins a two-day visit to India

NEW DELHI: Police used tear gas to disperse large crowds in India’s capital of New Delhi on Sunday in the latest eruption of violence at protests over a new citizenship law, police officials said.
Hundreds of people supporting the new law clashed with those opposing it, with the two groups pelting each other with stones in the Maujpur area in the northeastern part of the city, according to television footage.
“There must be some miscreants who want to spoil the peace in the area. We will identify them and take action against them,” Alok Kumar, a senior Delhi police official, told reporters about the protest.
“The situation is under control now,” he added.
The protest comes just a day before US President Donald Trump begins a two-day visit to India, where he is expected to raise the issue of religious freedom in the country with Prime Minister Narendra Modi.
India’s Citizenship Amendment Act, which eases the path for non-Muslims from neighboring Muslim-majority nations to gain citizenship, has triggered weeks of sometimes violent protests against Modi’s government.
The Indian law is seen by opponents as discriminating against Muslims and has deepened concerns that Modi’s administration is undermining India’s secular traditions.
Modi’s ruling Hindu nationalist Bharatiya Janata Party denies any bias against the country’s 180 million Muslims.
On Sunday, a separate protest also erupted in the northern Indian city of Aligarh, where protesters threw stones at the police, state administration official Chandra Bhushan Singh said.
The Internet in the area had been suspended until midnight, he added.