Tag: UN sanctions on 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 IndiaÂ’s 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

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 IndiaÂ’s 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