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Code: 49543 Visited: 239 Publish Date: Jun 02 2018 - 2:29
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IRENEX
India's BPCL Seeks to Import More Oil from Iran
Tehran, June. 02 (SENA) – Indian state refiner Bharat Petroleum Corp requested an extra one million barrels of oil from the National Iranian Oil Company (NIOC) for June despite the imposition of the US sanctions against Tehran.

Tehran, June. 02 (SENA) – Indian state refiner Bharat Petroleum Corp requested an extra one million barrels of oil from the National Iranian Oil Company (NIOC) for June despite the imposition of the US sanctions against Tehran.

Iran has agreed to provide almost free shipping to Indian refiners in 2018/19, an incentive that significantly reduces the landed cost of Iranian oil compared to rival regional grades. FNA reported.

India is Iran’s top oil client after China and was one of the few nations that continued to trade with Tehran during the previous round of Western sanctions as New Delhi follows only the restrictions imposed by United Nations.

The European states have been scrambling to save the 2015 nuclear deal and planning a package of economic relief to persuade Iran to stay in the deal.

In relevant remarks in late May, Indian Foreign Minister Sushma Swaraj underlined that her country would continue to trade with Iran despite the re-imposition of the US sanctions against Tehran.

"India follows only UN sanctions and not unilateral sanctions by any country," Swaraj told reporters when asked about New Delhi's response to the US decision to withdraw from a 2015 key nuclear agreement and re-impose sanctions against Tehran.

Swaraj reiterated that her country's position was "independent" of any other country and would not make foreign policy "under pressure".

Iran and India enjoy deep relations in political and economic sectors. Tehran is one of New Delhi's top oil suppliers.

US President Donald Trump announced on May 8 that Washington was walking away from the nuclear agreement, officially known as the Joint Comprehensive Plan of Action, which was reached between Iran and the Group 5+1 (the US, Britain, France, Russia and China plus Germany).

Trump also said he would reinstate US nuclear sanctions on Iran suspended under the nuclear accord and impose "the highest level" of economic bans on the Islamic Republic.

After Trump's declaration, the Iranian government issued a statement, calling the US withdrawal as "unlawful". The statement underlined Iran's prerequisites for continuing the deal with the five world powers after the US pullout of the agreement.

"Iran, as a country that has remained committed to its legal obligations, will pursue the US Government’s decision to withdraw from the JCPOA as provided by the mechanisms and provisions of the accord, and if the US withdrawal is not fully compensated and the full interests of the Iranian people are not met and guaranteed – as stated in the accord and as outlined by Iran’s Leader on 9 May – it will exercise its legal right to take whatever reciprocal measures it deems expedient. Other parties to the JCPOA, and especially its three European signatories, must take necessary action to safeguard the accord and to implement their commitments – which they proved incapable of fully performing even while the US was nominally a party to the deal, due to the obstructions by the Trump Administration – and to proceed from giving pledges to taking practical action without any preconditions," it said.

"None of the provisions or timeframes within the JCPOA, which were the subject of twelve years of negotiations, are negotiable in any manner. The US, which has through its meddling and erroneous policies ignited extremism, terrorism, destruction, war and child killing in our region, is in no position to issue any diktat about the Islamic Republic of Iran’s lawful presence within its own region nor its effective support for the peoples of Syria and Iraq in their endeavor to fight extremists. The US and its allies, which through their support for the regime of Saddam Hussein, including equipping it with chemical weapons and the most advanced military equipment while blocking Iran’s access to any means of defense victimized the Iranian people for eight years, and currently turning our region into a powder keg through their sale of hundreds of billions of dollars of useless advanced weaponry devouring the financial resources of the region, are in no position to impose restrictions on the Islamic Republic of Iran’s lawful means of defense, including defensive ballistic missiles which have been designed to carry conventional weapons based on the bitter experiences of the war with the regime of Saddam Hussein. Indeed, such efforts explicitly violate the principles of international law, and the Islamic Republic of Iran’s legitimate right to self-defense under Article 51 of the United Nations Charter," it added.

"As announced by the President of the Islamic Republic of Iran on 8 May, the Foreign Minister has been tasked with the duty of taking the necessary measures to obtain required guarantees from the remaining parties to the JCPOA as well as Iran’s other economic partners, and to immediately report the results of this mission. Meanwhile, the President of the Atomic Energy Organization of Iran has been tasked with taking all necessary steps in preparation for Iran to pursue industrial-scale enrichment without any restrictions, using the results of the latest research and development of Iran’s brave nuclear scientists."

"The people of Iran will with calm and confidence continue their path towards progress and development and the Government of the Islamic Republic of Iran has foreseen all necessary measures to facilitate this under any circumstances," the statement continued.

"The Islamic Republic of Iran, as a secure and powerful state, which derives its security and economic development from within, relying on the prudent participation and resilience of its brave and civilized people, seeks constructive and dignified engagement with the world, and as shown by its implementation of the JCPOA despite the United States’ continuous violations, is a trustworthy and committed partner for all who are prepared to cooperate on the basis of shared interests and mutual respect," it reiterated.

 

 
By: Security and Exchange News Agency (SENA)
 
 
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