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May 16, 2012, 08.11 AM IST | Source: Reuters

India tells US Iranian oil import cuts to continue: Source

India will continue to reduce its oil imports from Iran over time but did not discuss a target or time-frame for such reductions with US special envoy Carlos Pascual on Tuesday, a source familiar with the discussions said.

India tells US Iranian oil import cuts to continue: Source

India will continue to reduce its oil imports from Iran over time but did not discuss a target or time-frame for such reductions with US special envoy Carlos Pascual on Tuesday, a source familiar with the discussions said.

Pascual, who has been pressing Iran's importers to cut their imports, met foreign ministry officials in New Delhi. They discussed a waiver from US financial sanctions, which are due to come into effect at the end of June, but came to no firm conclusions, the source said.

"We will continue to keep discussing it (the waiver)," the source said, on condition of anonymity because of the sensitivity of the talks.

Both sides also discussed India's significant imports of fertilizer from Iran, but again no firm decisions were made, the source said.

READ MORE ON  Iran, US, Carlos Pascual

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