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INDIA: "India Will Continue To Purchase Iranian Oil Despite US Sanctions"

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posted on Jan, 13 2012 @ 04:08 PM
Currently India is the second biggest importer after China, looks like they have made the decision to side with Iran.


NEW DELHI, Jan 12 (Reuters) - India will keep doing business with Tehran and sees no reason to seek a waiver from the United States that would protect buyers of Iranian oil from a fresh round of sanctions, a senior Indian cabinet minister said on Thursday.

"Why should we seek waiver from the U.S.? We have done business with Iran earlier and will continue to do business," the minister, who has knowledge of the matter but did not want to be named as the issue is confidential, told Reuters.

(I only have mobile link at moment sorry)

edit on 1/13/2012 by tothetenthpower because: --Mod Edit-- Please post a link; A Brief Description & YOUR thoughts.

posted on Jan, 13 2012 @ 04:11 PM
kudos to them

posted on Jan, 13 2012 @ 04:11 PM
Good on them, there is no reason for them to be listening to the US and Israel.

posted on Jan, 13 2012 @ 04:15 PM
Think this was posted earlier but.........

Good for them. The world doesn't bow down to the US (as much as they would like it too). The US holds no official power over India. Weaker countries that say no get bombed. Medium strength get sanctions and other super powers get a stern talking to.

That is the power of THE bomb, and why it is coveted by "terrorist" countries, because once they have THE bomb...they suddenly become un sanction able and are able to live without constant fear of being invaded by a foreign power.

posted on Jan, 13 2012 @ 04:29 PM
Here ya go, this article goes into the details, well, more details.

India ignores US call for economic freeze, opens up Iran oil strategy

India has decided to ignore the US call to freeze its economic relationship with Iran, citing strategic national interest, even as the government is working towards a multi-layered strategy that involves reducing its exposure to Iranian crude, looking at intermediaries with third-country banks, as in Russia [ Images ], and putting into place a rupee-rial barter trade mechanism allowing India to directly trade with Teheran.

As the Turkish bank, Turkiye Halk Bankasi, told Indian oil [ Get Quote ] refiners on Tuesday it would no longer be able to act as an intermediary for their purchases of Iranian crude, India was already putting in place a containment strategy that would not offend the Americans but simultaneously assuage the Iranians about their continuing importance in India's view of the world.

The crisis is not upon India immediately, as the US sanctions give a six-month breathing space for countries to act.

Second, the US anti-Iran legislation is framed so as to allow a US presidential waiver to countries if they show they have succeeded in reducing their exposure to trading with Iran.

edit on 13-1-2012 by Swills because: (no reason given)

posted on Jan, 13 2012 @ 04:33 PM
The American empire is already fading, it seems

posted on Jan, 13 2012 @ 04:41 PM
Nobody in their right mind expected India to stop buying their oil.....really India has little options...
Anything short term will be too expensive, and longer term plans arent really nessessary, are they?
India cannot stop or even pause their economy because of the civil pressures involved.....
Besides they may be able to get a price cut from amadinnerjacket

posted on Jan, 13 2012 @ 04:46 PM
reply to post by stirling

Actually, Russia could have stepped in to supply India and pick up the slack in China, but this isnt just about oil, this is about toppling governments to install a one world government. India could purchase from Russia but not now Russia have stated they are going to back Iran.

posted on Jan, 13 2012 @ 04:48 PM
If all the other countries would just do the same, the paper tiger which is the US would be proven powerless and crushed in one fell swoop.

It is comparable to Mike Tyson and some five year old kids. He can keep saying, "You are threatening me," and then smash the kid's face in until he 'apologises for threatening him'. Then the kid has to give Mike three quarters of his lunch money every day, forever. After he does it to a few, the rest of them will get in line and just give him their lunch money. But if they would all get fed up at once, 168 (countries in the world) five year olds could overwhelm even Mike Tyson and destroy him.

posted on Jan, 13 2012 @ 04:56 PM

"India Will Continue To Purchase Iranian Oil Despite US Sanctions"

Not surprising. India has never aligned herself with anyone too closely. Even during the Cold War when the US and Pakistan were chum buddies, she did not dance any closer to the former USSR than required to keep the MiGs, RPG's and AK's coming in.

Though times have flopped and flipped, her independence is still all important. Good for India!
edit on 13-1-2012 by redoubt because: typo

posted on Jan, 13 2012 @ 04:58 PM
reply to post by TheMindWar

Actually no they couldn't.

Russia can't ship enough oil to India to make up the demand.

There is no overland line access, it would all be via tanker.

Edit to add:
Here is a map of India's oil pipeline 'network'. They have nothing going through Pakistan or China. They had some proposed through Pakistan, but those have largely fallen apart since their spat a couple of years ago.

India Pipeline Map

Basically everything imported has to come in via tanker, which is currently being operated by Qatar, which is far more aligned with the US than Russia.
edit on 13-1-2012 by peck420 because: (no reason given)

posted on Jan, 13 2012 @ 07:32 PM

What? Inida doesn't need oil too? Cmon...........

posted on Jan, 13 2012 @ 07:35 PM
pretty obvious why, geographically speaking it makes more sense since they don't want to be shipping it 3/4 of the planet while for more $$.

politcally they realise america must be delusional if they believe they can dictate stuff like that.

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