News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 11 years ago
Rediff.com  » Business » 'Attempt to paint India in negative colour on Iran'

'Attempt to paint India in negative colour on Iran'

By Lalit K Jha
May 31, 2012 12:47 IST
Get Rediff News in your Inbox:

PetrolIndia has said that there is an attempt to paint it in negative colour on the issue of importing oil from Iran, arguing that it needs enormous energy for its 1.2 billion people.

"Somehow there has been, sorry to say this, some attempt, I don't know for whatever reasons, to paint India in very negative colours," Indian Ambassador to the US Nirupama Rao told a select audience here at the Atlantic Council -- a think-tank -- while responding to questions on importing Iranian oil.

Rao asserted that India has been transparent on this issue with international partners given its enormous energy security needs.

There is no attempt by India, as is being alleged in certain quarters, to "camouflage payment" of its oil imports from Iran, she argued.

"India has been extremely upfront and has been able to engage in a very frank dialogue with all our partners on this issue," Rao said.

"There are energy security needs for India, but we understand there are certain constraints about importing oil from Iran. We are certainly cognizant of those realities.

Obviously the amount of oil, we import from Iran

has come down," she said.

"We are a net oil importing country. About 75 per cent of our oil is imported.

Iran has been one of our traditional suppliers and many of our refineries are catered to process Iranian crude.

But the circumstances today have become more and more difficult for any country to import crude from Iran," she said.

"We are also cognizant of US concerns, and have remained closely engaged on the Iranian issue.

"Crude imports from Iran have a steadily declining share in India's total oil imports -- dropping from a level of over 16 per cent in 2008-09 to almost 10 per cent in 2011-12, and these are expected to decline further in 2012-13," Rao said.

In her remarks, Rao said India believes that while Iran has rights to peaceful uses of nuclear energy, it must simultaneously and rigorously fulfill the treaty obligations which it has acceded to.

"We have consistently maintained that Iran must cooperate with the IAEA to address and resolve all outstanding issues that continue to raise doubts in the minds of the international community. India has scrupulously adhered to the multilateral sanctions against Iran as mandated by the United Nations," she said.

Get Rediff News in your Inbox:
Lalit K Jha in Washington
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Related News: Iran, Rao, India, IAEA, United Nations
 

Moneywiz Live!