India's oil imports from Iran in June fall

India's oil imports from Iran in June fall

"Make no mistake about it, we are determined to convince the Iranian leadership that this malign behavior won't be rewarded and that the economic situation in their country will not be permitted to be rectified until such time as they become a more normal nation", he said.

U.S. State Department officials have visited Saudi Arabia to coordinate stronger pressure on Iran and discuss ways to ensure that the oil market is well-supplied after U.S. sanctions on Iran's oil kick in later this year, a Senior State Department Official said on a background briefing en route to Brussels.

The UAE long has been suspicious of Iran and its nuclear deal brokered by former president Barack Obama, from which President Donald Trump recently pulled out.

Disappointed at India for not making promised investments in Iran's Chabahar port, Iran on Tuesday warned India of ending "special privileges".

Referring to United States sanctions on oil import from Iran, Mr Rahaghi said his country has been a reliable energy partner for India and that Iran always follows a "rationale pricing" of oil which ensures the interest of both consumers and suppliers.

All told, producers and traders in the United States will send more than 15 million barrels of U.S. crude to India this year through July, compared with 8 million barrels in all of 2017. He also made a cortesy call to the U.S. Embassy in Abu Dhabi.

President Donald Trump said in May he would pull the United States out of an worldwide nuclear deal with Iran and reimpose U.S. sanctions.

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Without referring to the Trump administration's threat to cut Iranian oil imports to zero by November 4 or face sanctions, the statement said India is a sovereign nation that would choose energy partners on the basis of criteria such as "friendly relations with supplier countries, market factors, geopolitical and geo-economical considerations and potentials and reliability of oil suppliers".

Reuters' vessel tracking data show three of the eight tankers charted by Swiss and Chinese traders and sent to India in recent weeks were destined for a port near Reliance Industries Ltd's Jamnagar refinery, the world's largest.

He also said Pompeo was "very slowly to learn the ropes of diplomacy" by considering requests for exemption from the United States sanctions by the countries receiving the Iranian oil.

Imports by state refiners during the period more than doubled to about 413,400 bpd from 191,700 bpd, the data showed.

But the National Iranian Oil Company (NIOC) reported this week that Iranian oil exports may decrease to 500,000 bpd when the sanctions kick in.

US Secretary of State Mike Pompeo is reportedly set to meet with senior British, French and German officials on the sidelines of a North Atlantic Treaty Organisation summit in an attempt to persuade them to join Washington in pressuring Iran.

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