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Disappointed with India's decision to cut oil imports: Iranian minister

Rahul9090

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New Delhi: Iranian Foreign Minister Javad Zarif has acknowledged that Tehran was "obviously disappointed" with India's decision to cut oil imports following US sanctions and voiced optimism about a US-Iran nuclear deal being inked within the next five months.

In an interview to a news channel, Zarif, who was in India on a two-day visit this week, said: "We were obviously disappointed (with India's decision to cut imports) It is detrimental to the economy of our trading partners if they decide to cut their purchases from Iran because of pressure from the United States."

Zarif added that Tehran hoped to resume the oil trade cooperation with India. "And we are working with many forces, including P5+1, to put an end to any excuse to any impediment to our trade with others, which we believe are illegal to begin with."

On talks with India over a $5 billion payment for oil imports, Zarif said Iran expects India to repatriate the money "in one way or another".

He said: "Humanitarian trade is also an area India can pay for those oil purchases. We want this money, and our economic cooperation with India in the area of energy to boost the relationship between the two countries and not be an impediment to our relations, and we are sure that with goodwill, we will provide a resolution."

Asked by the news channel if India has given him any assurance of increasing oil imports, the minister said oil exports to India had gone up and "we hope it will continue to go up. You have a major need for sources of energy. Iran is probably the most reliable provider for it".

To a question on how confident he was of a US-Iran nuclear deal being inked this year, Zarif said: "Well, I believe with political will and good faith, a deal is totally possible because Iran never wanted nor will it ever want nuclear weapons."

"But we want our rights. We want our right to have a peaceful nuclear programme. And if that is the intention, then I think it is quite possible to reach an agreement, and I am optimistic that within the next five months, we will."

On talks between India and Iran on bilateral cooperation, the Iranian minister said there were a whole range of possibilities for cooperation, including political. On the issue of fighting terrorism and extremism, "which is not restricted to Afghanistan but much wider, but most importantly, cooperation to boost economic growth in the region".

He said both could also work on the Chabahar port and a north-south corridor, which would provide India with the possibility of export to Central Asia and also help Afghanistan.

"So, these are all policies that will benefit all, and benefit Afghanistan in the process," he said.


Disappointed with India`s decision to cut oil imports: Iranian minister
 
I seriously doubt the pressure came from the US. It could be the outcome after the Saudi Officials visit to India.
 
I told you guys unless sanctions are not off Iran. Trading with Iran will always be a risky bet
 
He said in context of previous cuts. Not Present.
India has more than doubled oil import from Iran in last month.
@hinduguy
 
Whoever gives that with bargained price and with credit, without interest, we will take it from him.
 
the imports are increasing so .....

iran might be upset , but india has the right to buy oil from anyone they want to , its their choice

its not like we've build a pipeline or sth and theyre not paying for it

lol :lol:
 
thik...hai.....
what ever happened is happened.....
now we need to look for better future and better ties with Iran.......:cheers:
 
the imports are increasing so .....

iran might be upset , but india has the right to buy oil from anyone they want to , its their choice

its not like we've build a pipeline or sth and theyre not paying for it

lol :lol:

The link I gave earlier is a wrong one ...... This is the latest ....Feb 2014 .


India’s imports from Iran have also more than doubled in January, surging to 412,000 bpd, up from 189,100 bpd in December.


The figure which is the highest since February 2012 is also 44 percent higher compared with the same period last year.


PressTV - China, India increase Iran oil imports
 
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