Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
Related Articles
The companies go ahead despite U.S. call for sanctions
Seemingly in defiance of the U.S. call for sanctions on Iran, two Indian state-run oil companies have placed orders for Iranian oil to be delivered in November, Petroleum Minister Dharmendra Pradhan said on Monday. U.S. sanctions targeting Iran’s crude oil exports come into effect on November 4. The Indian government has repeatedly requested the U.S. government for a waiver of these sanctions for India, but has so far not received an affirmative response. “Two days ago, two of our companies have placed orders with Iran for oil for the month of November,” Mr. Pradhan said at the inaugural conference of the Energy Forum. “The question is, has the waiver been granted or not. We don’t know if the waiver has happened or not, but the Indian companies have gone ahead and booked the order.” The two companies in question are Indian Oil Corporation and Mangalore Refinery and Petrochemicals, with a total order quantity of 1.25 million tonnes of crude, according to an official in the Petroleum Ministry. The U.S. embassy did not respond to requests for a response to the Minister’s statement.
Source : https://www.thehindu.com/todays-paper/oil-psus-place-orders-for-iranian-crude/article25162113.ece
