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    HomeNewsBusinessEconomyNo issues with Iran oil imports despite sanctions

    No issues with Iran oil imports despite sanctions

    India sees no impediments to importing Iranian oil despite a new wave of sanctions imposed by the West, Oil Minister S. Jaipal Reddy said on Monday.

    December 05, 2011 / 15:50 IST

    India sees no impediments to importing Iranian oil despite a new wave of sanctions imposed by the West, Oil Minister S. Jaipal Reddy said on Monday.


    "As long as there are no sanctions on oil as such, other problems can be managed," he told reporters on the sidelines of the World Petroleum Congress.


    "There are some practical problems in making payments but we have managed to surmount those problems."


    Iran is India's second biggest oil supplier after Saudi Arabia and exports total about USD 12 billion a year, meeting about 12% of India's import needs.

    first published: Dec 5, 2011 03:47 pm

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