India to halt Iran oil imports over insurance - MRPL

[mohsen]

Its not the US factors but Saudis unilateral support for Pakistan against India in all cases. So, Indians replaces Iran by Saudis is not a good option for us.

after all independence has a price.

 

[mehboobkz]

each oil refinery is built based on specific crude oil. those refineries in India which use Iranian crude oil can't just switch the source, this requires very heavy expenses and shutting down for a period of time

It does not work like that, if that was the case, all Indian refineries would shut down, but that is not the lamenting case here. If that was the case the you would not hear the following:

"If cover is not available then all Indian refiners will have to halt imports from Iran

See, they all are talking about stopping oil shipments from Iran, they are not worried about shutdown of the whole plant. It does not work like that. Mind you, world's biggest refinery is in India, leaving back the USA at number second.

 

[mohsen]

It does not work like that, if that was the case, all Indian refineries would shut down, but that is not the lamenting case here. If that was the case the you would not hear the following:

this is exactly what happened for south Korea. they halted first,but couldn't find suitable replacement and faced fuel shortage
,after a while started import again. US claimed their exception list was because of cooperation of them for decreasing import from Iran, but the truth is they just ran out of fuel.

See, they all are talking about stopping oil shipments from Iran, they are not worried about shutdown of the whole plant. It does not work like that. Mind you, world's biggest refinery is in India, leaving back the USA at number second.

they just want to put pressure on their government. in case of halting, they are the first to lose.

 

[mehboobkz]

this is exactly what happened for south Korea. they halted first,but couldn't find suitable replacement and faced fuel shortage
,after a while started import again. US claimed their exception list was because of cooperation of them for decreasing import from Iran, but the truth is they just ran out of fuel.
they just want to put pressure on their government. in case of halting, they are the first to lose.

No refinery in India is going to roll its shutter for the lack of Iranian Light Crude. The replacement would work properly. Take it to the bank, put it in a fix deposit!

 

[AZADPAKISTAN2009]

Another Indian backstab ,while Pakistan is doing business with Iran showing value of true friend

 

[mehboobkz]

Another Indian backstab ,while Pakistan is doing business with Iran showing value of true friend

India is in a different situation here. As of Pakistan, you have daily load shedding going on there, so its apparent that you will take care of it when Iran is offering you some credit despite Shia killings in Pakistan.

As for the friendship, Pakistan has no friendship with any nation. Just pushing its interests forward.

 

[Hack-Hook]

Reinsurance is not a problem. Most of the underwriting of BIG ticket items have always been taken care by European companies of which loyds of London is the king.

If Indian government can bypass London and insure on its own - it would be okey.
But the story hardly ends here.
There is a technology transfer clauses to be adhered to religiously without violating them, then comes the import part of catalysts for refineries, without which they can not survive. It is not as simple as 1-2-3.

Catalytic reforming - Wikipedia, the free encyclopedia

Iran Itself is a producer of those Catalyst , if European stop selling India the Catalyst we would be glad to replace them

Reinsurance is not a problem. Most of the underwriting of BIG ticket items have always been taken care by European companies of which loyds of London is the king.

If Indian government can bypass London and insure on its own - it would be okey.
But the story hardly ends here.
There is a technology transfer clauses to be adhered to religiously without violating them, then comes the import part of catalysts for refineries, without which they can not survive. It is not as simple as 1-2-3.

Catalytic reforming - Wikipedia, the free encyclopedia

Iran Itself is a producer of those Catalyst , if European stop selling India the Catalyst we would be glad to replace them

 

[Sam1980]

Any country do what is has to do to protect its interests.
But we should invest in refineries, we shouldn't rely on exporting oil, we should instead, export fuel and petrochemical products and diversify our economy by producing non-oil based products. By allowing the private sector to grow in Iran we can achieve this and circumvent the sanctions.

 

[mehboobkz]

Iran Itself is a producer of those Catalyst , if European stop selling India the Catalyst we would be glad to replace them

Name some!
Lol.

 

[Markus]

There is a window for a military strike on Iran between June and September of this year.

Its better if we move to other countries before June.

I am monitoring Indian crude oil imports from January. Considerable amount was imported from Iran in Jan and Feb, will be interesting to see, how much volume goes down in March.

 

[Sam1980]

Name some!
Lol.

1- SAC
2- Acetic Acid
3- Paraffin (Heavy and Light)
4- ...

Next time use Google??

 

[Hack-Hook]

There is a window for a military strike on Iran between June and September of this year.

Its better if we move to other countries before June.

I am monitoring Indian crude oil imports from January. Considerable amount was imported from Iran in Jan and Feb, will be interesting to see, how much volume goes down in March.

Its age that we have passed the windows period for attacking iran and these date are just pure propaganda for medias and every year they are changing them

if the wanted to attack Iran they must have attacked Iran in 2003 not Iraq

 

[khanboy007]

i knew it was supposed to happen because india is sincerely moving its hand to the US (slowly)


keeping this into consideration from pst #1
India is Iran's second-largest buyer, taking around a quarter of its oil exports worth around $1 billion a month.

perhaps the US thought of chopping irans income off by shaking hands with india ( 1 billion dollar a month is big money)

after all signs were approaching since the IPI gas pipeline program turned out to be IP only

 

[Hack-Hook]

Name some!
Lol.

If some other countries can't do something it won't means that we can't do that either
next time just do a little Google search

Iran to mass produce industrial catalysts
Iran produces catalyst for sour gas sweetening units
Mass Production of Catalysts Claim Made by Iran
Domestic producers supply 95 percent of Iran’s oil industry equipment

I wonder you thought how we still run our Oil and Gas Industry amid these Sanctions !?

 

[ResurgentIran]

India will do what they deem to be right for their own national interest. Like any other state would.