US Wants India To Stop Importing Oil From Iran By November

[PurpleStone]

India succumbs to US pressure; prepares for cut in oil imports from Iran

Oil ministry has asked refiners to prepare for a 'drastic reduction or zero' imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is responding to a push by the United States to cut trade ties with Iran.

India has said it does not recognise unilateral restrictions imposed by the US, and instead follows UN sanctions. But the industry sources said India, the biggest buyer of Iranian oil after China, will be forced to take action to protect its exposure to the US financial system.



India's oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

"(India) has asked refiners to be prepared for any eventuality, since the situation is still evolving. There could be drastic reduction or there could be no import at all," said one of the sources, who has knowledge of the matter.

During the previous round of sanctions, India was one of the few countries that continued to buy Iranian oil, although it had to reduce imports as shipping, insurance and banking channels were choked due to the European and US sanctions.

The source said this time the situation is different.

"You have India, China and Europe on one side, and US on the other... At this moment we really don't know what to do, but at the same time we have to prepare ourselves to face any eventuality," said the source.

While a State Department official has said that Washington wants Iranian oil buyers to halt imports from November, US Ambassador to the United Nations Nikki Haley has told Prime Minister Narendra Modi to lessen dependence on Iranian oil.

Haley, currently in Delhi, spoke with US Secretary of State Mike Pompeo early on Wednesday, before meeting Modi.

The US push to curb countries' imports of Iranian oil comes after President Donald Trump withdrew from a 2015 deal between Iran and six world powers and ordered a reimposition of sanctions on Tehran.

Some sanctions take effect after a 90-day "wind-down" period ending on August 6, and the rest, notably in the petroleum sector, following a 180-day "wind-down period" ending on November 4.

OUTPUT BOOST FROM OPEC

Under pressure from the US sanctions, Reliance Industries Ltd, the operator of the world's biggest refining complex, has decided to halt imports.

Nayara Energy, an Indian company promoted by Russian oil major Rosneft, is also preparing to halt Iranian oil imports from November after a communication from the government, a second source said. The company has already started cutting its oil imports from this month.

Indian Oil Corp, Mangalore Refineries and Petrochemicals Ltd and Nayara Energy, the top three Indian buyers of Iranian oil, and the oil ministry did not respond to Reuters's request for comments.

Removing Iranian oil from the global market by November as called for by the United States is impossible, an Iranian oil official told the semi-official Tasnim news agency on Wednesday.

The options to find replacements to Iranian oil have widened after OPEC agreed with Russia and other oil-producing allies last week to raise output from July by about 1 million bpd, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers.

Saudi Arabia's plans to pump up to 11 million barrels of oil per day (bpd) in July would mark a new record, an industry source familiar with Saudi oil production plans told Reuters on Tuesday.

The second source said there were plenty of options available in the market to replace Iranian oil. "There are companies and traders that are willing to give you a 60 day credit, crude is available in the market," the source said.

To boost its sales to India, Iran recently offered virtually free shipping and an extended credit period of 60 days.

"We can buy Basra Heavy, Saudi or Kuwait oil to replace Iran. Finding replacement barrels is not a problem, but it has to give the best economic value," a third source in New Delhi said.

source: https://www.business-standard.com/a...-in-oil-imports-from-iran-118062800657_1.html

You have you give something to get something.

Chabahar was more important for India.

https://defence.pk/pdf/threads/hale...ias-use-of-irans-chabahar-as-corridor.565544/

‘PORT HAS TO HAPPEN’
Haley said she also discussed with Modi the Indian-backed Chabahar port complex in Iran, being developed as part of a new transportation corridor for landlocked Afghanistan and which could open the way for millions of dollars in trade and cut Afghanistan’s dependence on neighboring Pakistan.

“We know the port has to happen and the U.S. is going to work with India to do that,” Haley said. “We know that they’re being a great partner with us in Afghanistan and really trying to assist the U.S. and trying to do more. The port’s vital in trying to do that.”

“We realize we’re threading a needle when we do that,” said Haley, describing a balancing act of ensuring Indian use of the port in Iran while Washington is at the same time trying to once again cut Tehran off from international markets.

https://www.reuters.com/article/us-...r.com&utm_source=hvper.com&utm_medium=website

 

[A.A. Khan]

Yes Same like Gwadar port


LOL what a looser

dkbose atleast name the operator assigned by India in that Iranian port and prove to me how Bandar Abbas-based company Kaveh is indian operator, google it and see your stupid failed policy.

dkbose google Gwadar port development and find a chabahar port picture for comparison how much is its existing capacity, *****.

India was suppose to reach Russia from Iran .

Road development, Zaranj highway, railway track rofl
Now with their US daddy placing sanctions on both it'lll stay in their wet dreams. Well done to modi.

 

[hussain0216]

You have you give something to get something88.

Chabahar was more important for India.

https://defence.pk/pdf/threads/hale...ias-use-of-irans-chabahar-as-corridor.565544/

‘PORT HAS TO HAPPEN’
Haley said she also discussed with Modi the Indian-backed Chabahar port complex in Iran, being developed as part of a new transportation corridor for landlocked Afghanistan and which could open the way for millions of dollars in trade and cut Afghanistan’s dependence on neighboring Pakistan.

“We know the port has to happen and the U.S. is going to work with India to do that,” Haley said. “We know that they’re being a great partner with us in Afghanistan and really trying to assist the U.S. and trying to do more. The port’s vital in trying to do that.”

“We realize we’re threading a needle when we do that,” said Haley, describing a balancing act of ensuring Indian use of the port in Iran while Washington is at the same time trying to once again cut Tehran off from international markets.

https://www.reuters.com/article/us-...r.com&utm_source=hvper.com&utm_medium=website

Chabahar will now be chocked between the Taliban and U.S attempt to deny iran any benefits

 

[A.A. Khan]

@PurpleStone

Hahaha Haley will save this Hindutva taliban state from US sanctions, btw statements by her are not that great why don't you put Tillerson statements who visited before Haley there are many more promises and sugar-coated statements there rofl.

First concentrate on securing weapons from Russia for your already half-screwed Army hahahaaha we are not against chabahar wel welcome it but don't be sstupid with a regime which is right now on regime change mode.

Chabahar will now be chocked between the Taliban and U.S attempt to deny iran any benefits

Bro, ch**** India already tried offer a supply line to USA thru that port to lure them. USA does'nt give a f*** about trade before its military.
Iran is supporting Taliban which USA knows well as they have lost most of the south and west to them. US has a cheap supply line already they don't need stupid India for now. For later they have already made a fool out of Modi in doing LEMOA [which makes India, mistress of US] US will always look for its interest first, and these dumb indians are being used well for their anti-Islamic sentiment and hatred anyway.

 

[Dash]

The reading on the wall is quite clear. China, India,Russia and Europe at one side with US on the other side. Quite scene and politics.

Russia getting assurance from Saudi on increasing barrel output will keep crude price in check in a dollar-oil-Eu trade and balancing the financial output.

Trade in stocks will take a new direction once thing become clearer. The best part is market correction is on the anvil with new prices being set.

The challenge is how each one acts with each other, a test of memorandums.

 

[El Sidd]

If there is a way to get out of this shit website filled with Proxy ISI terrorists motherfuckers running the show, I will leave this comment as my final one, for all the cunts here thinking Muslims are supreme, this is the best way to fucking piss them off i.e this cocksucker @Kaptaan

to all the mute moderators you cunts deserve a fucking bullet your head!

now for all the Indian members follow the below

Subject: How to Properly insult a Muslim with their own terrorist history

No other religion calls for a conversion or death. Nor was any other religion founded by a murderer, terrorist and paedophile. (Mohammed the paedophile for profit married a 6-year-old girl when he was 54 years old and began fucking her when she was 9. What a filthy disgusting PIG!) This explains why child abuse is so common in the Islamic world.

Islamic myth and truths.

If you really want to piss off these camel fuckers keep this in mind. They won't admit that Allah was really the pagan title of the idol in Muhammad's "piece of shit b upon him" parents village. This idol was supposed to be the "moon god" hence the crescent moon found on top of every mosque in the world today.

Call Allah a pagan

The demonic part is self-apparent. Muhammad was fooled by Satan, see the Satanic Verses. Muslims know that this marks the "prophet" as the fraud he is. They even took those verses out of the Koran. The Koran of today is rather different from the Koran of Mohammed's day because the towelheads kept altering its texts and passages.

Call Allah demonic

Muhammad was trying to put himself in charge of a Moon-worship cult that the local Jews would respect so while in Mecca he took up the tradition of calling pigs "unclean".

Call Allah a pig or swine.

Muhammad, well who knows why he hated women so much, he was *** fucking his boyfriend Muhammad Ali. To this day bisexuality is so common in Saudi and it's puppet Muslim states that Muhammad never really did anything firm about punishing homosexuals or paedophiles. What he did say is that "the majority of people in Hell are women".

Call Allah a goddess

The Koran promised homosexual paedophilia to any Muslim that dies killing us. "Rivers of wine and young boys fine as pearls."

Call Allah a pimp to paedophiles

Turn the truth back at the Muslims and let them cook in their own juices.

Hence: "demonic pagan swine goddess Allah"

Call Muhammad a common thief and murderer.

Rather than work, Muhammad had his followers steal from caravans while in Medina. The fact is he was a common thief. muhammad (piece of ham be upon him) encouraged his handful of followers to attack the caravans, kill the men, rape the women and bring the booty (20% for himself) to please Allah, while assuring them that if they are killed their rewards will be �young boys fine as pearls (for child rape sex)�, rivers of wine, and many hurries in the other world. All these sickening deeds are backed by Koran and hadith.. [The Koran 55:56; 55:58; 78:33; 56:12; 52:16-17, 24; 56:35-38; 52:20]

peace

it will be hotter in hell you know hahaha

 

[Jlaw]

India succumbs to US pressure; prepares for cut in oil imports from Iran

Oil ministry has asked refiners to prepare for a 'drastic reduction or zero' imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is responding to a push by the United States to cut trade ties with Iran.

India has said it does not recognise unilateral restrictions imposed by the US, and instead follows UN sanctions. But the industry sources said India, the biggest buyer of Iranian oil after China, will be forced to take action to protect its exposure to the US financial system.



India's oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

"(India) has asked refiners to be prepared for any eventuality, since the situation is still evolving. There could be drastic reduction or there could be no import at all," said one of the sources, who has knowledge of the matter.

During the previous round of sanctions, India was one of the few countries that continued to buy Iranian oil, although it had to reduce imports as shipping, insurance and banking channels were choked due to the European and US sanctions.

The source said this time the situation is different.

"You have India, China and Europe on one side, and US on the other... At this moment we really don't know what to do, but at the same time we have to prepare ourselves to face any eventuality," said the source.

While a State Department official has said that Washington wants Iranian oil buyers to halt imports from November, US Ambassador to the United Nations Nikki Haley has told Prime Minister Narendra Modi to lessen dependence on Iranian oil.

Haley, currently in Delhi, spoke with US Secretary of State Mike Pompeo early on Wednesday, before meeting Modi.

The US push to curb countries' imports of Iranian oil comes after President Donald Trump withdrew from a 2015 deal between Iran and six world powers and ordered a reimposition of sanctions on Tehran.

Some sanctions take effect after a 90-day "wind-down" period ending on August 6, and the rest, notably in the petroleum sector, following a 180-day "wind-down period" ending on November 4.

OUTPUT BOOST FROM OPEC

Under pressure from the US sanctions, Reliance Industries Ltd, the operator of the world's biggest refining complex, has decided to halt imports.

Nayara Energy, an Indian company promoted by Russian oil major Rosneft, is also preparing to halt Iranian oil imports from November after a communication from the government, a second source said. The company has already started cutting its oil imports from this month.

Indian Oil Corp, Mangalore Refineries and Petrochemicals Ltd and Nayara Energy, the top three Indian buyers of Iranian oil, and the oil ministry did not respond to Reuters's request for comments.

Removing Iranian oil from the global market by November as called for by the United States is impossible, an Iranian oil official told the semi-official Tasnim news agency on Wednesday.

The options to find replacements to Iranian oil have widened after OPEC agreed with Russia and other oil-producing allies last week to raise output from July by about 1 million bpd, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers.

Saudi Arabia's plans to pump up to 11 million barrels of oil per day (bpd) in July would mark a new record, an industry source familiar with Saudi oil production plans told Reuters on Tuesday.

The second source said there were plenty of options available in the market to replace Iranian oil. "There are companies and traders that are willing to give you a 60 day credit, crude is available in the market," the source said.

To boost its sales to India, Iran recently offered virtually free shipping and an extended credit period of 60 days.

"We can buy Basra Heavy, Saudi or Kuwait oil to replace Iran. Finding replacement barrels is not a problem, but it has to give the best economic value," a third source in New Delhi said.

source: https://www.business-standard.com/a...-in-oil-imports-from-iran-118062800657_1.html

So whatever happen to these PDF Indians saying we are independent country and will not half oil import from Iran


India another good US doggy

 

[Dash]

it will be hotter in hell you know hahaha

India just tested a ballistic missile to a hell known as Pakistan so it must be

 

[El Sidd]

India just tested a ballistic missile to a hell known as Pakistan so it must be

You are most welcome to deploy any missile you believe that can give you a definite victory Dash Sahab.....
When you do infact get the kaporays. I will let you know the cordinates to my house and you can target that......

Meanwhile enjoy the Incredible India

 

[Dash]

You are most welcome to deploy any missile you believe that can give you a definite victory Dash Sahab.....
When you do infact get the kaporays. I will let you know the cordinates to my house and you can target that......

Meanwhile enjoy the Incredible India

Sid ji,
I have no interest in bombing your house. Rather I will change the coordinates if I found it’s yiu

Having said that. The irked ones get a expired date to test my patience and I am trained well enough to free myself from the clutches of intimidation.

Incredible india is a vision. It’s not a reality. The ones who set it don’t care for a reason.

The foreign exchanges speak for itsel despite some bulla newspaper claiming otherwise.

I have solace. Take my blanket

 

[El Sidd]

Sid ji,
I have no interest in bombing your house. Rather I will change the coordinates if I found it’s yiu

Having said that. The irked ones get a expired date to test my patience and I am trained well enough to free myself from the clutches of intimidation.

Incredible india is a vision. It’s not a reality. The ones who set it don’t care for a reason.

The foreign exchanges speak for itsel despite some bulla newspaper claiming otherwise.

I have solace. Take my blanket

yes you are very rich.. alhumdulilah

 

[Dash]

yes you are very rich.. alhumdulilah

If not convinced you can continue with your agenda.

Attack a grasshopper and show it a trophy.
I don’t need to teach you about socio-economic diatribe.

You can still talk to some Indian fanboys for your own satisfaction.

But I will be around.

 

[El Sidd]

If not convinced you can continue with your agenda.

Attack a grasshopper and show it a trophy.
I don’t need to teach you about socio-economic diatribe.

You can still talk to some Indian fanboys for your own satisfaction.

But I will be around.

what exactly is my agenda? what do you think it is?

 

[Dash]

what exactly is my agenda? what do you think it is?

Being infected by spinocordidis telnini, logic has been replaced by bigotry. That is your agenda. Anti-logic.

 

[El Sidd]

Being infected by spinocordidis telnini, logic has been replaced by bigotry. That is your agenda. Anti-logic.

too many indians on the forum for my liking