Iran wouldnt cut Indias oil supply

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Irans Oil Ministry has declared that the country will not cut oil supplies to India despite warning refiners it could do so in months, if the unpaid bills are not settled soon.

“A warning has been sent to those refineries that are debtors, but sending such a letter does not mean Iran’s oil exports have been cut, and we have no intention to cut our exports to the Indian market,” SHANA quoted Mohsen Ghamsari, head of international affairs at the National Iranian Oil Co. (NIOC), as saying.

Iran had earlier threatened to stop all oil supplies to India unless the problem was resolved. India owes Iran $2 billion for oil imports in recent months due to the payment disputes related to US moves to isolate Iran, which Washington suspects of seeking nuclear weapons. Iran has denied all such charges.

Sources: REUTERS; Economic Times

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