US Eyes More Cuts In India's Oil Imports From Iran

[Devil Soul]

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US Eyes More Cuts In India's Oil Imports From Iran
DHAKA, Bangladesh (AP) — U.S. Secretary of State Hillary Rodham Clinton will use a two-day visit to India this week to urge further reductions in Indian imports of Iranian oil.
A senior official traveling with Clinton in Bangladesh ahead of her arrival in India on Sunday said the matter will be at the top of the secretary's agenda in talks with Indian leaders.
India, which has tremendous energy needs to fuel its rapid growth, has made some progress in easing its dependence on Iranian oil, but the official said the U.S. wants to see more.
The official, who spoke on condition of anonymity to preview Clinton's private discussions in Kolkata and New Delhi, said the "trend lines are good" but "we really need to receive assurances that they are going to continue to make good progress."
The official noted that India had recently stepped up imports of oil from Saudi Arabia to make up for the reduction in Iranian oil and that the U.S. was eager to see the Indians explore other alternatives.
Like other major consumers of Iranian oil, India could face U.S. sanctions by the end of June if the Obama administration determines it has not made significant cuts in imports under a law aimed at squeezing Iran's petroleum industry to press the country to comply with international demands over its nuclear program.
A dozen European nations and Japan have already been spared from those sanctions after the administration determined they had substantially reduced their Iranian oil imports. India, along with China, South Korea, Turkey and South Africa have still not received such waivers.
The U.S. special envoy for global energy issues, Carlos Pasqual, will visit India later in May to follow up on Clinton's talks, the official said.
Because of its energy needs, India has bristled at U.S. calls to seek alternatives to cheap Iranian oil. The official said the Indian parliament is especially resistant to comply with demands from Washington on Iran.
After visiting Kolkata, India's major eastern city, Clinton will travel on Monday to New Delhi where her visit will coincide with that of a major Iranian trade delegation seeking opportunities in the Indian market. The U.S. official downplayed the presence of the delegation, which he said was centered on consumer goods. "I don't think we are too concerned about it," he said.
In her talks with Indian officials, Clinton will also be pressing for the country to continue economic reforms and trade liberalization, including dropping restrictions on foreign investment in the finance sector and allowing large western retailers to open up, the official said.

[itaskol]

usa is the biggst threat to the world peace...
and they will do the same to china.

[India defense]

Iran is becoming threat to world also...

[jbgt90]

US Eyes More Cuts In India's Oil Imports From Iran
DHAKA, Bangladesh (AP) — U.S. Secretary of State Hillary Rodham Clinton will use a two-day visit to India this week to urge further reductions in Indian imports of Iranian oil.
A senior official traveling with Clinton in Bangladesh ahead of her arrival in India on Sunday said the matter will be at the top of the secretary's agenda in talks with Indian leaders.
India, which has tremendous energy needs to fuel its rapid growth, has made some progress in easing its dependence on Iranian oil, but the official said the U.S. wants to see more.
The official, who spoke on condition of anonymity to preview Clinton's private discussions in Kolkata and New Delhi, said the "trend lines are good" but "we really need to receive assurances that they are going to continue to make good progress."
The official noted that India had recently stepped up imports of oil from Saudi Arabia to make up for the reduction in Iranian oil and that the U.S. was eager to see the Indians explore other alternatives.
Like other major consumers of Iranian oil, India could face U.S. sanctions by the end of June if the Obama administration determines it has not made significant cuts in imports under a law aimed at squeezing Iran's petroleum industry to press the country to comply with international demands over its nuclear program.
A dozen European nations and Japan have already been spared from those sanctions after the administration determined they had substantially reduced their Iranian oil imports. India, along with China, South Korea, Turkey and South Africa have still not received such waivers.
The U.S. special envoy for global energy issues, Carlos Pasqual, will visit India later in May to follow up on Clinton's talks, the official said.
Because of its energy needs, India has bristled at U.S. calls to seek alternatives to cheap Iranian oil. The official said the Indian parliament is especially resistant to comply with demands from Washington on Iran.
After visiting Kolkata, India's major eastern city, Clinton will travel on Monday to New Delhi where her visit will coincide with that of a major Iranian trade delegation seeking opportunities in the Indian market. The U.S. official downplayed the presence of the delegation, which he said was centered on consumer goods. "I don't think we are too concerned about it," he said.
In her talks with Indian officials, Clinton will also be pressing for the country to continue economic reforms and trade liberalization, including dropping restrictions on foreign investment in the finance sector and allowing large western retailers to open up, the official said.

you are a senior member still and you still so not provide a link?

[lem34]

you are a senior member still and you still so not provide a link?

no big deal just google it

US eyes more cuts in India's oil imports from Iran - The Economic Times

[harpoon]

Its better we slowly shift away from Iranain oil. If god forbid, a Iranain-US conflict happens India will surely be the biggest looser with 12% of our supplies going up in air.

[Tshering22]

Well we need to find alternative source if the US-Iran war is coming soon. With this kind of a spineless government, I don't suppose we would be participating in the conflict to secure our interests. So better it is that until the government change, we better keep off any potential problems.

[chauism]

Its better we slowly shift away from Iranain oil. If god forbid, a Iranain-US conflict happens India will surely be the biggest looser with 12% of our supplies going up in air.

One thing I don't quite get here is that is Iran a threat to India? My guess would be no. So who does US think he is to ordering other people who they should buy what from, and who they should do business with. Does it make sense that if there are two people who are having problem with each other, and then one of them ask other people who have nothing to do with their conflict to cut ties with the people he has problem with. That really sounds like some actions of a bully, and US is doing it proudly. From the tone of what hilary is using, she doesn't even leave room for India to discuss about this.

[harpoon]

One thing I don't quite get here is that is Iran a threat to India? My guess would be no. So who does US think he is to ordering other people who they should buy what from, and who they should do business with. Does it make sense that if there are two people who are having problem with each other, and then one of them ask other people who have nothing to do with their conflict to cut ties with the people he has problem with. That really sounds like some actions of a bully, and US is doing it proudly. From the tone of what hilary is using, she doesn't even leave room for India to discuss about this.

You are right..but we have to look out for our interests also. 12 % of our oil comes from Iran and this is a huge qty to gamble on.

[Rig Vedic]

India is not in any defense alliance with the US.

I think 15% is a significant cut for now.

Let formal US allies such as Europe, Japan and South Korea go down to zero before they make any more demands on India.

Indian interests with respect to Iran are different from US interests. We have to consider the stabilization of Afghanistan too.

[chauism]

You are right..but we have to look out for our interests also. 12 % of our oil comes from Iran and this is a huge qty to gamble on

Then as a responsible friend, it is USA should consider the interests of others especially some that it say that they are its friends before it unilaterally do anything drastic that will hurt the interests of its friends. Otherwise it is just being selfish and arrogant. Well, but this is the US of A we are talking about here.

[Chinese-Dragon]

"US eyes more cuts" = "More Indian cuts"

[harpoon]

Then as a responsible friend, it is USA should consider the interests of others especially some that it say that they are its friends before it unilaterally do anything drastic that will hurt the interests of its friends. Otherwise it is just being selfish and arrogant. Well, but this is the US of A we are talking about here.

US is not the friend of India or vice versa. We have our interests and they have theirs. Its better we keep out of each other's way. Do we want US to attack Iran..No, Does India have the power to stop such an attack..No. If such an attack happens, can we still get oil from Iran..No.Will our economy suffer bcs of this..A Huge YES. So should we look for alternates...A Huge YES. Its nothing personal, just business.

[Fanling Monk]

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Then as a responsible friend, it is USA should consider the interests of others especially some that it say that they are its friends before it unilaterally do anything drastic that will hurt the interests of its friends. Otherwise it is just being selfish and arrogant. Well, but this is the US of A we are talking about here.

The US never treat any country as her friend and equal especially the ones from Asia. She is more forgiving for her NATO minions, Israel, Australia and Japan though.