US sanctions on Iran: ‘India has been able to get its way,’ says oil minister; gives credit to PM Modi

US sanctions on Iran: ‘India has been able to get its way,’ says oil minister; gives credit to PM Modi

US Secretary of State Mike Pompeo said Friday that the US would temporarily allow eight countries to continue buying Iranian oil even after enforcing its sanctions on Tehran.

Union Minister for Petroleum & Natural Gas and Skill Development & Entrepreneurship Dharmendra Pradhan addresses the MoU signing between OMCs (IOCL, HPCL & BPCL) and CSC. (PTI photo)

Giving credit to Prime Minister Narendra Modi’s “forceful” campaign, Oil Minister Dharmendra Pradhan Saturday said that India is among the countries that have been granted a waiver from the US sanctions on Iran.

“Hon’ble Prime Minister’s forceful campaign has been that you can’t ignore interests of consuming countries. Understanding geo-political situation, India has been able to get its way. The US has given waiver to some countries including India,” Pradhan told reporters on the sidelines of an agreement signing event between CSC e-Governance Services and oil marketing companies – BPCL, India Oil and HPCL.

“I give credit of this to emerging acceptance of world leadership of Prime Minister Narendra Modi. From this campaign, not only India but other consuming nations will be benefitted. The nitty-gritty of this will come gradually,” he added.

The United States, however, has not yet named the eight countries which would be exempted from the sanctions. The names of the eight “jurisdictions” would be released on Monday, US Secretary of State Mike Pompeo had announced on Friday. Pompeo had said that the US has agreed to provisionally allow eight “jurisdictions” to keep buying oil from Iran since they have made “significant reductions” in oil imports. Read| India among eight likely to get Iran oil waiver


US sanctions on Iran will kick in November 5. “President @realDonaldTrump is reimposing all sanctions lifted under the unacceptable Iran deal. The U.S. is reimposing the toughest sanctions ever on Iran, targeting many of the corrupt regime’s critical sectors,” the White House tweeted.

Pompeo had said that countries like India, if granted exemption, would be asked to bring down oil imports from Iran to zero in six months. Negotiations are still ongoing, he said while explaining the reasons for not revealing the names of the countries to be exempted.

Sources in New Delhi and Washington DC told The Indian Express that India is “likely” to be part of the eight countries which are being granted waiver, but India likely to get Iran oil waiver, US sanctions Monday there has been no official communication so far.

“We are almost certain that India is likely going to be one of those eight countries. But we will wait for the announcement on Monday,” a source said.

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