Pompeo to urge mounting pressure on Iran

Cornelia Mascio
Luglio 11, 2018

Refiners have started looking for alternative suppliers, but the price is once again not right for them, as the head of the largest Indian refiner and fuel retailer, Indian Oil Corp. said earlier this week.

Rahaghi had also criticised India for not fulfilling its promise of making investments in the expansion of the strategically located Chabahar port On Chabahar, the embassy said Iran has always welcomed Indian initiatives in the project. "It is expected that India takes immediate necessary measures in this regard if its cooperation and engagement in Chabahar port is of strategic nature", he said.

Referring to U.S. sanctions on oil import from Iran, Mr Rahaghi said his country has been a reliable energy partner for India and that Iran always follows a "rationale pricing" of oil which ensures the interest of both consumers and suppliers.

This was stated in as many words by Iran's deputy ambassador to India, Massoud Rezvanian Rahaghi, while speaking at a seminar on Emerging Challenges and Opportunities in Global Diplomacy and its Impact on Bilateral Relations with India, organised by the All India Minorities Front.

The senior envoy said Tehran understands India's energy requirements, and added that Iran is still an open market for Indian requirements such as petroleum, urea and liquefied natural gas.

The drop suggests that despite its initially tough stance on USA sanctions, Indian refiners have started changing their mind as the November 4 deadline to wind down business relations with Iran draws nearer.

Referring to the United States sanctions on oil import from Iran, Rahaghi made it a point to mention that his country has been a reliable energy partner for India and has always followed a "rationale pricing" of oil which ensures the interest of both, consumers and suppliers. Iran supplied 18.4 million tonnes of crude oil between April 2017 and January 2018 (first 10 months of fiscal 2017-18).

Iran was India's second biggest supplier of crude oil after Saudi Arabia till 2010-11 but western sanctions over its suspected nuclear programme pushed it to the 7th spot in the subsequent years. He warned such imports largely would be "sanctionable activity and we will enforce those sanctions".

The defense chief also said that the USA has adopted the "tactic of causing distance between the people and the system" to harm the country after finding that it can not reach its objectives by imposing sanctions.

"In such a selfish approach, the USA is targeting the whole world - either to be its friends and allies or be rival".

After scaling imports to around 770,000 barrels per day in May, imports from Iran were down to 570,000 bpd in June as India considers acquiescing to US President Donald Trump's demands for ending oil imports from Iran by November 4.

He further went on to suggest that a regional dialogue forum should be set up in the Persian Gulf and West Asia to resolve terrorism and regional crises.

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