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Monday, May 17, 2021

India to decide on resuming Iranian oil buy after elections- govt source

India has suspended imports of Iranian oil from May because of renewed US sanctions on Iran.

By: Reuters | New Delhi |
May 14, 2019 10:08:10 pm
Washington and the recipients of the waivers have not disclosed how much oil they are allowed to import, or under what conditions deals can still be made. Iran’s Foreign Minister Javad Zarif held talks on the issue with his Indian counterpart Sushma Swaraj during a visit to New Delhi. (Representational image)

India told Iran on Tuesday it will decide on its oil imports after elections end this month, in line with its economic interests, a government source said.

Iran’s Foreign Minister Javad Zarif held talks on the issue with his Indian counterpart Sushma Swaraj during a visit to New Delhi.

India has suspended imports of Iranian oil from May because of renewed U.S. sanctions on Iran.

“On purchase of oil from Iran, EAM (External Affairs Minister) reiterated the position that a decision will be taken after the elections keeping in mind our commercial considerations, energy security and economic interests,” a government source said.

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