Decision on oil imports after Lok Sabha elections, India tells Iran

Saudi oil tankers ‘sabotaged’ as U.S.-Iran tensions increase

With the United States ending sanctions exemption to India for importing Iran oil after May 1, Iranian Foreign Minister Mohammad Javad Zarif is reaching India late Monday night and will meet External Affairs Minister Sushma Swaraj Tuesday.

After the US' announcement, India, the second largest buyer of Iranian oil after China, had said it was adequately prepared to deal with the impact of the decision to end waiver.

According to reports, India is one of the eight countries which were exempted from a US-imposed ban on Iranian oil imports.

In November, the USA granted a six-month waiver to India and seven other countries to continue importing oil from Iran. India bought 23.6 million tons of Iranian oil in the financial year ending in March 2019. Zarif recalled the steps announced by President Hassan Rouhani on May 8 including decisions linked to the export of enriched uranium and heavy water, the sources said.




At Tuesday's bilateral meeting, India iterated its position on the JCPOA.

"India would like all parties to the agreement to continue to fulfil their commitments and all parties should engage constructively and resolve all issues peacefully and through dialogue", New Delhi is understood to have communicated.

During his visit to India past year, Iranian President Hassan Rouhani said Iran and India were prepared for joint ventures in gas and petroleum.

On Tuesday, a government source said: "The visit of the Iranian foreign minister took place at his own initiative to brief the Indian side on the Iranian approach to the recent developments in the region, including on JCPOA (Iran nuclear deal), and to review bilateral cooperation. Good exchange of views on the evolving regional situation, including Afghanistan", he said.

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