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Jewish Journal

JewishJournal.com

January 30, 2012

Indian official: We won’t cut back on Iranian oil

http://www.jewishjournal.com/world/article/indian_official_we_wont_cut_back_on_iranian_oil_20120130

India will not reduce the amount of oil Iranian oil it purchases, the country’s finance minister said.

“It is not possible for India to take any decision to reduce the imports from Iran drastically because among the countries which can provide the requirement of the emerging economies, Iran is an important country amongst them,” Pranab Mukherjee told reporters in Chicago on Sunday, according to Reuters.

The U.S. and European countries have stepped up their sanctions efforts against Iran over its nuclear program. The U.S. is trying to get Asian countries to cut back on their imports of Iranian oil.

India imports 12 percent of its oil from Iran, Reuters reported.

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