Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

Cuts In India's Iran Oil Imports Is An 'Important Step': Kerry

Photo Credit :

We are appreciative that India has worked hard to reduce its dependency on Iranian oil and that has been an important step," said the US Secretary of State

The United States sees India's reductions in imports of oil from Iran as an "important step" in bringing pressure on Tehran over its nuclear programme, Secretary of State John Kerry said.

"We are appreciative that India has worked hard to reduce its dependency on Iranian oil and that has been an important step," Kerry said at a press conference with Indian Foreign Minister Salman Khurshid in New Delhi.

He said he hoped New Delhi would urge the Iranians "not to miscalculate about American and international commitment" to stopping Iran from pursuing nuclear weapons. Tehran maintains its nuclear programme is for peaceful purposes.

Washington renewed six-month waivers on its Iran sanctions for India, China and seven other economies earlier this month in exchange for their agreeing to reduce purchases of oil from Tehran.

Indian refiners had cut dependency on Iranian crude to about 5.5 per cent of total imports in January to May from over 10 per cent in the same period a year ago.

(Reuters)


Tags assigned to this article:
news 6 oil iran salman khurshid iran oil john kerry