India to halt Iran oil imports over insurance - MRPL

[Not Sure]

India will do what they deem to be right for their own national interest. Like any other state would.

To India, bowing completely to the American pressure will prove much worse than would writing off Iran as a major Hydrocarbon supplier.

In fact, when the insurance companies from the West started flooding in to the Indian market, this situation was one of the biggest concerns raised by the opposition.

While in this world no country is completely independent, Indians have some experience in walking the fine line. In fact, Iran is the main supplier that India can always rely on whenever tensions arise (and they do - very frequently) between India and the West/Saudis. So I doubt this will become a major stumbling block between India-Iran hydrocarbon trade.

We had seen a very similar situation arising at the WTO, when relations between China and India were going very rocky, and yet they both joined hands to block the inclusion of conditions that the US and rest of the West tried hard to push in.

 

[mehboobkz]

1- SAC
2- Acetic Acid
3- Paraffin (Heavy and Light)
4- ...

Next time use Google??

Paraffin wax is exported from India:

Quality Chemical Industries, Navi Mumbai
Navi Mumbai

Leading manufacturer & exporter of qualiwax c.50 and paraffin wax. Also offers biocide, de-greasing / de-oiling agent and high performance additives for rust preventive oil.

So is Acetic acid (vinegar has 8% acetic acid)

Acetic Acid
Sakthy Sunder Acids (P) Ltd., Coimbatore
We hold immense expertise in catering to the diversified demands of the customers by providing them with a precisely formulated array of Acetic Acid

These are NOT the things Indians are dependent upon Europeans. They are dime a dozen everywhere.

 

[IND151]

Well I still have hope on our "Chanakiya diplomats" , they would be able to come up with something about insurance , maybe national insurance companies , which won't be affected by U.S. Sanctions ....



But looking strategically , I don't think we still will completely stop oil trade with Iran . and you are right , Give a choice India would choose Iran over GCC in Blink of an eye .

That is possible. We may still contnue buying significant amount of oil from Iran.

In any case we will not stop importing crude oil from Iran completely in one go, given the factors like our refineries can purify only type of oil that Iran exports us.

LET ME QUOTE:


Saudi is India's second largest importer after Iran already.

Any source for claim?

 

[Sam1980]

Paraffin wax is exported from India:

I just listed a few, do you really expect me to waste my time list all the catalysts produced in Iran for you?

 

[mehboobkz]

That is possible. We may still contnue buying significant amount of oil from Iran.

In any case we will not stop importing crude oil from Iran completely in one go, given the factors like our refineries can purify only type of oil that Iran exports us.



Any source for claim?

Indian refiners imported 171.41 million tonnes of crude oil in 2011-12. Of this, 32.63 mt came from Saudi Arabia, 24.51 million tonnes from Iraq, 17.67 mt from Kuwait, and 15.79 mt from UAE (14.706 mt in 2010-11).

12% import from Saudis.

 

[IND151]

12% import from Saudis.

give link for source. thanks for info

 

[mehboobkz]

give link for source. thanks for info

Business Line : Industry & Economy News : Iraq topples Iran, becomes 2nd largest crude oil supplier to India

 

[IND151]

Business Line : Industry & Economy News : Iraq topples Iran, becomes 2nd largest crude oil supplier to India

thanks for info

 

[rubyjackass]

An Indian government source said last month that New Delhi would find a way to ensure refineries have cover but gave no details.

This quote is from the same article(OP). How did this lose attention?

 

[Markus]

Its age that we have passed the windows period for attacking iran and these date are just pure propaganda for medias and every year they are changing them

if the wanted to attack Iran they must have attacked Iran in 2003 not Iraq

Its good if war does not happen, but in all previous occasions, US was pre-occupied with Iraq and Afghanistan, they are decreasing their involvements from there time to time, by mid of this year, they can mount military ops. Also, when it comes to Iran, an impatient Israel also comes into the picture.

 

[Hack-Hook]

Its good if war does not happen, but in all previous occasions, US was pre-occupied with Iraq and Afghanistan, they are decreasing their involvements from there time to time, by mid of this year, they can mount military ops. Also, when it comes to Iran, an impatient Israel also comes into the picture.

No they are going bankrupt if start anither war

And Israel won't come in mind as its childish to think thst they have the capabilities to start a war with Iran

 

[mehboobkz]

No they are going bankrupt if start anither war

And Israel won't come in mind as its childish to think thst they have the capabilities to start a war with Iran

If it is not Israel, its proxy (USA) it would be!

So on this issue, Iran is between a solid rock and a hard place. Any which way its coming, if it has to!

By not stopping UE against all these gargantuan odds, which has crippled Iranian nation and its economy (currency) - it is not prudent by the west to accept that Iran is doing this merely for its medical Isotope research..

As for energy, Iran has no need of it, owing to largest reserves of crude oil.
Hence Iran is not able to convince the world power of its intent, which is obvious, if rationally analysed, that Iran wants a Shia Bomb.

 

[mohsen]

...
As for energy, Iran has no need of it, owing to largest reserves of crude oil.
Hence Iran is not able to convince the world power of its intent, which is obvious, if rationally analysed, that Iran wants a Shia Bomb.

such a childish view.
if today Iran doesn't need Nuclear energy, then why 40 years ago in the time of our dictator, US analyzers said Iran needs it? for fun maybe.
if today Iran doesn't start to build nuclear reactors ,when oil reserves finish, we have to live in stone age cause clearly west wont sell energy to us.
our bomb is our ideology which already has exploded on west.

 

[curioususer]

if that happens, iran should stop supporting india's presence in afghanistan and elsewhere in the region, and even oppose them in the region. support pakistan actively in the kashmiri conflict, etc.

Why is this stinging a German national?

 

[Mech]

Why is this stinging a German national?

He's from Berlin in pakistan.....just like this guy is from the USA.