An oil tanker is seen at sunset anchored off the Fos-Lavera oil hub near Marseille, France, October 5, 2017. REUTERS/Jean-Paul Pelissier/File Photo
Reuters: Exclusive: India allows state refiners to use Iran tankers, insurance for oil imports
NEW DELHI (Reuters) - India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s top shipper Shipping Corp of India (SCI) (SCI.NS) halted voyages to Iran due to U.S. sanctions, sources said.
New Delhi’s attempt to keep Iranian oil flowing mirrors a step by China, where buyers are shifting nearly all their Iranian oil imports to vessels owned by National Iranian Tanker Co (NITC).
The moves by the two top buyers of Iranian crude indicate that the Islamic Republic may not be fully cut off from global oil markets from November, when U.S. sanctions against Tehran’s petroleum sector are due to start.
Read more ....
Update #1: India Allows State Refiners To Import Iranian Oil In Iran-Owned Tankers (OilPrice.com)
Update #2: India to sidestep U.S. sanctions on Iranian oil (Washington Times)
WNU Editor: India needs the oil .... India’s Thirst For Oil Is Outpacing China (OilPrice.com).
Expect a speedy recovery on Pakistani/U.S foreign policy.
ReplyDeletemanstien, I wouldn't.
ReplyDeleteTrump understands realpolitic better than it's supposed advocates.
India got a concession from The Trump Admin on Russian weapons sanctions.
This is because India already has huge arms contracts with Russia and so it's unreasonable to expect the Indians to cripple their national defense over another nation's desire for sanctions.
Don't bother thinking that Trump expects India to sink it's economy for the USA either.
India actually needs the Iranian oil and the alternate suppliers are either too costly or politically disastrous.
Europe wants discounted Iranian oil out of pure greed and kickbacks.
India and the Indian ruling class wants one thing more than anything: Visas to the US. Without it, India would grow much slower in the coming decades
ReplyDelete