ID :
197481
Wed, 07/27/2011 - 08:49
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Iran stops crude oil sale to India

Tehran, July 27, IRNA – Iran has stopped selling crude oil to India, said spokesman for Majlis Energy Commission Emad Hosseini here on Tuesday.

“India is indebted dlrs 7.9 billion to Iran for the crude it has already purchased. Out of the total, dlrs 4.8 billion has to be paid now and rest should be paid later,” Hosseini told IRNA.

He said the Central Bank of Iran (CBI) has tried to resolve the payment issue but has somehow been unsuccessful in this respect till date.

Hosseini added that certain groups believe China is the most important partner of Iran as far as oil and gas projects as well as exports are concerned, so it can be a suitable choice for oil sale.

“In my opinion, many options should be on the table and it is not advisable to put emphasis on a single country for selling oil because it would otherwise cause many problems for the country.”

He noted that Majlis Energy Commission is mulling many strategies in this connection./end

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