Excerpts from the article “India May Import More Iran Oil Within UN Rules, Chidambaram Says” which appeared in Bloomberg on 13/08/2013
– Within UN sanctions and fully compliant with UN sanctions there may be more space for imports from Iran, so that will give us some savings in dollars.
– India imported about 7.2 percent of its oil from Iran in the last fiscal year, down from 10.5 percent in the prior 12 months, according to the oil ministry.
Reference: www.bloomberg.com/news/2013-08-13/india-may-import-more-iran-oil-within-un-rules-chidambaram-says.html
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