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Wednesday, May 16, 2012

''India bows to US pressure, cuts Iran oil import by 11%''

From Times of India

''India is one of the biggest buyers of Iranian oil along with China. The US and the EU have been pressuring New Delhi to halt buying crude from Iran as they try to arm-twist Teheran into abandoning its nuclear programme.

The government has steadfastly denied any pressure. But it has also been quietly tying up additional quantities from West Asian oil producers, including Saudi Arabia, and looking at other types of crude that are similar to Iranian crude and suit present refinery configurations.''


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