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Good for India
I'm totally against the system of taxation. but careful, not to mix zakat with tax and further more, exemption of zakat deduction does not mean Iran loyalists does not pay zakat, they do lot more.... unfortunately, never to poor of Pakistan.
As you see India can buy, than there are no sanctions. If you do not know, Iran is the biggest supply route to Afghanistan.. If US puppet, Afghanistan can do shopping from Iran than do not bother any one with sanction fiction, ever again.
Tragedy is that you and your clan make stories out of thin air, which reflect your hate against Saudi Arabia.
If Saudi Arabia is such a big evil than why does Iran loyalists go to work there?
When Pakistan was under triple sanctions from US, it was only two friendly states who does business with Pakistan, namely KSA & China.
Why shall i forget the support of KSA... they were the life line of each and every Pakistani.... irrespective of religion.
On nukes...... be clear, what ever KSA does, it does openly and boldly, when they will be in need of nukes, they will demand openly..... will save its haters from speculation.
Perfect, simple, bold & blunt!
Unfortunately, good for India may not necessarily be good for Pakistan and this case not even for Iran.
However, It does reflect, how Iran place Pakistan vs. India. which is diplomatically not so sound.
I'm sure Pakistan would not mind taking oil deliveries, with having no payments to make.... Only deferred payment offer would be good enough for Pakistan's democratic regimes.
1. There is reason i just said India -
2. Iran place Pakistan where it belongs as per her Interest, same way Pakistan place Iran where it belongs as per her interests. Being neighbors & Muslim countries, relation should not be like this but that's not reality.
3. Even if Iran give us crude oil, that will be of no use for us because we don't have any refinery to process that kind of oil.
4. Why they should give us? What their interests will be achieved? Same way KSA also her interests that's why they support Pakistan --- nothing is free.
ch. sb. so far, i failed to see Iran's interest in this deal.
Pakistan is neutral and does not differentiate, Pakistan's remarks on Syrian conflict in favour of Iran and against KSA are enough to guess.
I'm just failing to understand Iranian's recent behaviour.
Iran is refusing to sell oil for only rupees, but now all of the sudden wants to give free oil away? This is a joke of a article.
This is not bullsit but Persian Racism Supremacy against Arabs and Sunnis is really BullshitSuch BS should not be allowed on this site.
Iran is refusing to sell oil for only rupees, but now all of the sudden wants to give free oil away? This is a joke of a article.
New Delhi: Iran is offering free delivery of crude to major
client India, industry sources said, signalling that tough
Western sanctions which have slashed its exports in half
are driving Tehran to increasingly desperate measures to
keep oil flowing.
The US has yet to ease the pressure on Asian buyers to
continue reducing purchases from the Opec member, even
though Iran and world powers began two days of talks on
Thursday hoping to reach a “first step” towards ending the
decade-old standoff over Tehran’s disputed nuclear
programme.
The drop in exports is costing Iran billions of dollars in lost
revenue every month. Tehran is also unable to repatriate
most of the money earned from oil it does manage to sell,
as the sanctions have cut off bank transfer facilities,
crippling its economy by choking off its biggest revenue
stream.
Despite the near halt of petrodollar payments, Iran is
resorting to measures such as offering deep discounts on
oil and now free delivery to India, according to sources who
requested anonymity because of the sensitivity of the issue.
Iran’s remaining Indian clients — Mangalore Refinery and
Petrochemicals Ltd, Essar Oil and Indian Oil Corp — could
save freight of 70 cents to $1 a barrel on purchases from
Iran, said one of the sources.
Tehran is also offering Indian buyers a discount on price if
refiners raise purchases, the sources said.
“The more you buy, the more incentives you get. If a refiner
buys 30 million barrels of Iranian oil in a year then the
discount translates to 25 cents per barrel,” this source
added.
Iran already offers 90 days’ credit on crude sales to Indian
refiners while most other producers stick to 30 days’ credit.
While any discount would be attractive as India tries to curb
an oil import bill that was around $170 billion (Dh624
billion) in 2012/13, it likely would be wary of raising
imports just prior to a review of its waiver from US
sanctions.
India’s six-month exemption comes up for renewal in early
December, shortly after top US energy diplomat Carlos
Pascual’s current visit to New Delhi.
Sources have said the US is unlikely to allow Iran’s exports
to rise before a deal is struck with Tehran. Both sides
involved in the Geneva talks have said a breakthrough was
far from certain.
India so far looks well on track to meet US conditions to
renew its waiver. Daily imports from Iran slid 34 per cent in
June-September from the six months between December
2012 and May 2013, data from trade sources shows.
India is one of Iran’s few remaining clients along with other
Asian buyers China, Japan and South Korea.
In India, there is about $5.3 billion of Iranian oil money held
up by the sanctions. Of the total, about $1.8 billion is with
the oil companies who have bought crude from Iran and the
remainder is held with a bank, sources said.
In South Korea, total Iranian money stuck in bank accounts
is more than $5 billion, a source with direct knowledge of
the matter said.
In Japan, a similar amount of Iranian oil money has been
held up since the beginning of the year, according to
sources.
gulfnews.com/news/world/india/iran-offers-to-ship-crude-to-india-for-free-1.1252615