From People of Shambhala.
India will “endeavor in future to tap the Iran[ian] source [of oil] fully because the terms are fairly favorable,”India’s Oil Minister S. Jaipal Redd announced at an energy conference on Monday.
A delegation from India went to Tehran last week to discuss payment for crude oil. Reddy reported that “Iran was very accommodative.”
India’s announcement comes at a moment of heightened tensions between Iran and the USA over Tehran’s nuclear program, and over the alleged planned assassination of the Saudi ambassador to Washington DC. Tehran demanded an apology over the accusation, and denies that it is trying to acquire nuclear weapons.
Reddy says that although India respects United Nations sanctions it will not… read more.