Hillary wants India to do even more to cut Iranian oil imports

US wants to keep pressure on Tehran to meet international demands on its disputed nuclear programme

US Secretary of State today pressed India to do "even more" to cut its from sanctions-hit Iran to keep pressure on Tehran to meet international demands on its disputed nuclear programme.

Clinton, whose trip to India coincided with the arrival of a large Iranian trade delegation to New Delhi, however lauded the steps taken by this country so far in lowering purchases of Iranian oil. The delegation is seeking commercial opportunities in India to mitigate the impact of US sanctions.

"India understands results of its policies.. Is certainly working towards lowering purchases of Iranian oil. We commend the steps they have taken thus far," she told an interactive session held at the in Kolkata on the second day of her three-day visit to India.

"We cannot accept that that they have taken it that far. We hope they will do even more and we think there is an adequate supply in the market place as Saudi Arabia, Iraq. We think this is part of India's role in the international community," Clinton said ahead of her meeting with Prime Minister Manmohan Singh. Iran is India's second largest oil supplier after Saudi Arabia.

Clinton's remarks came when she was asked why the US wants India to reduce oil imports from Iran when India is not an oil producing nation.

The Iran Chamber of Commerce and Industry said the Persian state is confident it will solve its own difficulties in the wake of the global pressure sought to be put on other countries to stop oil imports.

"You(India) need oil and we need to sell and we need good cooperation....We will solve all difficulties. I think everything will be solved," Yahya Ale-Eshagh, President of Iran Chamber of Commerce and Industry, said in New Delhi.

The US has been urging India and other countries to slash oil imports from Iran aimed at stepping up pressure on Tehran to comply with international demands over its nuclear programme.

"We believe, at this moment in time, the principal threat is a nuclear-armed Iran," she said. "We need India to be part of the international effort."

image
Business Standard
177 22
Business Standard

Hillary wants India to do even more to cut Iranian oil imports

US wants to keep pressure on Tehran to meet international demands on its disputed nuclear programme

Press Trust of India  |  Kolkata/New Delhi 



US Secretary of State today pressed India to do "even more" to cut its from sanctions-hit Iran to keep pressure on Tehran to meet international demands on its disputed nuclear programme.

Clinton, whose trip to India coincided with the arrival of a large Iranian trade delegation to New Delhi, however lauded the steps taken by this country so far in lowering purchases of Iranian oil. The delegation is seeking commercial opportunities in India to mitigate the impact of US sanctions.

"India understands results of its policies.. Is certainly working towards lowering purchases of Iranian oil. We commend the steps they have taken thus far," she told an interactive session held at the in Kolkata on the second day of her three-day visit to India.

"We cannot accept that that they have taken it that far. We hope they will do even more and we think there is an adequate supply in the market place as Saudi Arabia, Iraq. We think this is part of India's role in the international community," Clinton said ahead of her meeting with Prime Minister Manmohan Singh. Iran is India's second largest oil supplier after Saudi Arabia.



Clinton's remarks came when she was asked why the US wants India to reduce oil imports from Iran when India is not an oil producing nation.

The Iran Chamber of Commerce and Industry said the Persian state is confident it will solve its own difficulties in the wake of the global pressure sought to be put on other countries to stop oil imports.

"You(India) need oil and we need to sell and we need good cooperation....We will solve all difficulties. I think everything will be solved," Yahya Ale-Eshagh, President of Iran Chamber of Commerce and Industry, said in New Delhi.

The US has been urging India and other countries to slash oil imports from Iran aimed at stepping up pressure on Tehran to comply with international demands over its nuclear programme.

"We believe, at this moment in time, the principal threat is a nuclear-armed Iran," she said. "We need India to be part of the international effort."

RECOMMENDED FOR YOU

Hillary wants India to do even more to cut Iranian oil imports

US wants to keep pressure on Tehran to meet international demands on its disputed nuclear programme

US Secretary of State Hillary Clinton today pressed India to do "even more" to cut its oil imports from sanctions-hit Iran to keep pressure on Tehran to meet international demands on its disputed nuclear programme.

US Secretary of State today pressed India to do "even more" to cut its from sanctions-hit Iran to keep pressure on Tehran to meet international demands on its disputed nuclear programme.

Clinton, whose trip to India coincided with the arrival of a large Iranian trade delegation to New Delhi, however lauded the steps taken by this country so far in lowering purchases of Iranian oil. The delegation is seeking commercial opportunities in India to mitigate the impact of US sanctions.

"India understands results of its policies.. Is certainly working towards lowering purchases of Iranian oil. We commend the steps they have taken thus far," she told an interactive session held at the in Kolkata on the second day of her three-day visit to India.

"We cannot accept that that they have taken it that far. We hope they will do even more and we think there is an adequate supply in the market place as Saudi Arabia, Iraq. We think this is part of India's role in the international community," Clinton said ahead of her meeting with Prime Minister Manmohan Singh. Iran is India's second largest oil supplier after Saudi Arabia.

Clinton's remarks came when she was asked why the US wants India to reduce oil imports from Iran when India is not an oil producing nation.

The Iran Chamber of Commerce and Industry said the Persian state is confident it will solve its own difficulties in the wake of the global pressure sought to be put on other countries to stop oil imports.

"You(India) need oil and we need to sell and we need good cooperation....We will solve all difficulties. I think everything will be solved," Yahya Ale-Eshagh, President of Iran Chamber of Commerce and Industry, said in New Delhi.

The US has been urging India and other countries to slash oil imports from Iran aimed at stepping up pressure on Tehran to comply with international demands over its nuclear programme.

"We believe, at this moment in time, the principal threat is a nuclear-armed Iran," she said. "We need India to be part of the international effort."

image
Business Standard
177 22

More News

  • Raghuram Rajan, RBI India needs mini bangs, not big-bang reforms: Raghuram Rajan
  • Image via Shutterstock Govt panel to suggest ways to step up card transactions
Widgets Magazine

Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard