• Monday, October 14, 2019

India using oil imports to pressure Iran (Iranian media)

Discussion in 'Middle East & Africa' started by cranwerkhan, Apr 1, 2017.

  1. cranwerkhan

    cranwerkhan FULL MEMBER

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    India is reportedly seeking to use oil imports from Iran as a bargaining chip in their impasse over a giant Iranian gas field which New Delhi has been coveting for years.

    Unnamed sources in New Delhi were quoted as saying that India’s state refiners planned to cut oil imports from Iran by a fifth in 2017/18 unless the Islamic Republic made concessions on the Farzad B field.

    The offshore field in the Persian Gulf is estimated to hold reserves of 12.5 trillion cubic feet of natural gas with a lifetime of 30 years.

    A consortium led by ONGC Videsh has submitted a $3 billion development plan to Iranian authorities but negotiations have got mired in bickering over the price and other issues.

    Indian companies discovered the field in 2008, winning the right to develop it but Iran had to put Farzad B on a list of projects for tender in 2014 after the Indians dragged their feet on its development.

    The Indians launched a fresh bid after international interest grew in the field following Iran’s nuclear accord with world countries in 2015.

    'Playing hardball'

    Indian authorities have a habit of playing hardball with Iran in their dealings whenever Tehran comes under pressure from the US and its allies.

    The new assertive stance taken by India appears to be linked to tough language being used by the government of President Donald Trump against Tehran, which is believed to scare investors seeking trade opportunities in the Islamic Republic.

    India is Iran’s biggest oil client after China, having raised imports from the country since the lifting of sanctions on Tehran in January 2015. New Delhi was among a select group of countries which upheld dealings with Iran during the sanctions.

    [http://217]

    According to new tanker arrival data, India’s Essar Oil more than doubled oil imports from Iran in February compared with the previous month.

    The refiner shipped in about 246,600 barrels per day (bpd) of oil from Iran last month, compared with about 118,000 bpd a year ago, Reuters reported on Friday.

    Indian refiners, however, told a National Iranian Oil Company (NIOC) representative about their plans to cut oil imports by a fifth to 190,000 bpd from 240,000 bpd, the news agency quoted officials present at the meeting as saying.

    Indian Oil Corp and Mangalore Refinery and Petrochemicals Corp will reduce imports by 20,000 bpd each to about 80,000 bpd. Bharat Petroleum Corp and Hindustan Petroleum Corp will together cut imports by about 10,000 bpd to roughly 30,000 bpd, the report said.

    According to the officials, NIOC threatened to cut the discount it offers to Indian buyers on freight.



    http://presstv.com/Detail/2017/04/01/516331/Iran-India-oil-imports-Farza-B-gas-field
     
  2. haman10

    haman10 ELITE MEMBER

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    The times when anyone could pressurize Iran is long gone.
     
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  3. JOEY TRIBIANI

    JOEY TRIBIANI SENIOR MEMBER

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    Hmmm will see .
     
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  4. Śakra

    Śakra SENIOR MEMBER

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    hopefully iran doesn't respond by burning India's embassy down or throwing eggs at an Indian general like they do to Saudis when they get angry.
     
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  5. dy1022

    dy1022 FULL MEMBER

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    Blame Russia, Blame China, maybe soon we'll see Blame India !!!
     
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  6. 100

    100 FULL MEMBER

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    Hopefully India doesn't respond by sending it's cannibals to Iran because in the past Indian cannibals wanted to cut the head of Iranian journalist Reza Aslan.

     
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  7. Mangus Ortus Novem

    Mangus Ortus Novem SENIOR MEMBER

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    india is a Rich Super Power... Iran is a poor developing country...so there is no match here. All is lost




    Iranians are great negotiators...ah, once Persia was a super power of its Age.

    Will Iran bow down to indian 'demands'...ever?






    NO!
     
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  8. OldTwilight

    OldTwilight FULL MEMBER

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    Just don't export anything to them and ban their products for at least six month ....
     
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  9. Star Expedition

    Star Expedition FULL MEMBER

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    It may not be the right way to do business.
    It is not Sri lanca.
     
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  10. Hulk

    Hulk ELITE MEMBER

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    This is very normal in negotiations business is give and take.
     
  11. Chinese-Dragon

    Chinese-Dragon PDF THINK TANK: ANALYST

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    So you say Iran shouldn't export oil to India, shouldn't export oil to China, then who else is there to buy oil? EU, Japan and South Korea are all in the American camp (as is India).
     
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  12. terranMarine

    terranMarine BANNED

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    This is supa powa we are talking here. Can never underestimate the influence, pressure from India. They have showed us we all one day kneeling before them. SAS is kneeling down for Indian Special Force, Caucasians starting begging with their bowls in India.
     
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  13. faithfulguy

    faithfulguy ELITE MEMBER

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    They will be the only country to be the Supra Powa by throwing hissy fits
     
    Last edited: Apr 3, 2017
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  14. OldTwilight

    OldTwilight FULL MEMBER

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    What is the point of exporting oil when they don't pay .....
    Let these oil stay where they are for next generation .....
     
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  15. Gothic

    Gothic BANNED

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    Israel advises india on many things , including on what to do with the iranian oil money , so this hypothesis is not far from reality they're teaching them how to steal from iran.
     
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