. Medical and Hospital News .




.
ENERGY TECH
India to cut back on Iran oil purchases: report
by Staff Writers
New Delhi (AFP) May 3, 2012


India's two biggest importers of crude oil from Iran will cut shipments from the Islamic republic by at least 15 percent this financial year due to US pressure, a report has said.

Washington has been seeking to shut down Iran's oil trade to put pressure on the Persian Gulf nation to abandon its disputed nuclear programme.

The Indian government has asked state-owned Mangalore Refinery & Petrochemicals and privately run Essar Oil to lower their imports in the current financial year, Dow Jones News Wires said late Wednesday.

The reported step comes ahead of a trip to India early next week by US Secretary of State Hillary Clinton, during which India's purchases of Iranian oil are expected to be discussed.

The news agency cited in its report two unnamed people who it said had direct knowledge of the Indian government request that was made as a result of US pressure.

A spokesman for India's government was not immediately available for comment but New Delhi has been reported by domestic media to be seeking to diversify its oil purchases.

India and the United States are navigating some of the choppiest waters since they began to build closer ties in the late 1990s with Washington pushing New Delhi to significantly cuts oil imports from Iran.

Dow Jones said Clinton had told U.S. Congress earlier in the year that India was helping in putting pressure on Tehran much more than New Delhi's public statements on the issue showed.

India imports four-fifths of its crude oil to feed its growing economy and has said it needs to keep buying Iranian oil to supply its requirements.

The country has struck a deal with Iran to pay for around half of its oil imports from Tehran in Indian rupees as a way to bypass banking sanctions that have made it virtually impossible to pay for the purchases in US currency.

Iran has repeatedly rejected charges by Western nations that it is developing an atomic bomb but the United States and the European Union have imposed stiff sanctions to persuade Tehran to shelve its nuclear programme.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Taiwan sets up airborne unit for Spratlys
Taipei (AFP) May 2, 2012
Taiwan's defence ministry said Wednesday that it has formed a special airborne unit capable of scrambling to the contested Spratly islands in just hours, as tensions in the South China Sea mounted. The unit has been set up under a plan named "airborne fast response and maritime support" which was unveiled for the first time in a report by the ministry to parliament, officials said. No de ... read more


ENERGY TECH
Can Nature's Beauty Lift Citizens From Poverty?

EU hands extra 20 mln euros to Pakistan flood victims

S. Korea nuclear safety agency probes two plants

Construction of Chernobyl shelter starts on anniversary

ENERGY TECH
China launches two navigation satellites

Astrium built Galileo satellites fit and fully operational in orbit

First payload ready for next batch of Galileo satellites

NASA Tests GPS Monitoring System for Big US Quakes

ENERGY TECH
A middle-ear microphone

'Inhabitants of Madrid' ate elephants' meat and bone marrow 80,000 years ago

Eating more berries may reduce cognitive decline in the elderly

Learning mechanism of the adult brain revealed

ENERGY TECH
Antibiotic resistance flourishes in freshwater systems

Orangutans harbor ancient primate Alu

Not all altruism is alike

Why bigger animals aren't always faster

ENERGY TECH
Dutch okays mutant bird flu study's publication

Rio declares dengue epidemic

Climate right for Asian mosquito to spread in N. Europe

Scientists find members of measles virus family in bats

ENERGY TECH
China, US in talks to allow Chen to leave: activist

Chinese activist in US embassy: fellow dissident

Hong Kong delays China patriotism lessons

Disbelief in village over China activist's daring escape

ENERGY TECH
War planes strike suspected Somali pirate base: coastguard

India proposes norms for Indian Ocean anti-piracy patrols

Iran navy rescues China crew from hijacked freighter

Drones will seek pirates at sea

ENERGY TECH
China and India manufacturing boosts recovery hopes

China manufacturing at 13-month high

Walker's World: France, growth and Europe

Immigrants squeak out living as Athens scrap metal mongers


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement