External Affairs Minister Salman Khurshid said that his government would review in the new year the issue of importing crude oil from Iran. Oil imports from Iran has a steadily declining share in IndiaĂâs total oil imports with the levels dropping from over 16 per cent in 2008-09 to almost 10 per cent in 2011-12.Earlier, US exempted India from the sanction on import of Iranian crude oil. The bottom line of the conditions of the waiver has been satisfied which is you should not increase dependency
Tag: Minister Salman Khurshid
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Govt to reconsider oil import from Iran
External Affairs Minister Salman Khurshid said that his government would review in the new year the issue of importing crude oil from Iran. Oil imports from Iran has a steadily declining share in IndiaĂâs total oil imports with the levels dropping from over 16 per cent in 2008-09 to almost 10 per cent in 2011-12.Earlier, US exempted India from the sanction on import of Iranian crude oil. The bottom line of the conditions of the waiver has been satisfied which is you should not increase dependency
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Steps towards energy security
External Affairs Minister Salman Khurshid informed that India would enhance relations with energy exporting countries and strategise with international markets to meet its growing energy needs. In the context of increasing demand for energy, there is a need to explore, enhance, develop and fortify relations with energy exporting countries and also develop technologies for alternate energy sources, he said.
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Steps towards energy security
External Affairs Minister Salman Khurshid informed that India would enhance relations with energy exporting countries and strategise with international markets to meet its growing energy needs. In the context of increasing demand for energy, there is a need to explore, enhance, develop and fortify relations with energy exporting countries and also develop technologies for alternate energy sources, he said.