1. Costly Options: Will India Keep Buying the Iranian Oil After US Sanctions?
- Author:
- FARAS
- Publication Date:
- 10-2018
- Content Type:
- Commentary and Analysis
- Institution:
- Future for Advanced Research and Studies (FARAS)
- Abstract:
- The Indian energy sector faces a dilemma amid the US administration plans to impose the second batch of sanctions on Iran in November. The US exerts pressure on the main buyers of Iranian oil, including India, to stop importing it in the coming period. For India, Iranian oil is one of the indispensable options for its energy security because of the preferential terms granted by Iran. Despite the Indian stance rejecting the US sanctions, Indian refineries have decided to halt the Iranian oil shipments starting from next November, and hence they may turn to other producers to fill the potential gap, but at a higher cost.
- Topic:
- Energy Policy, Oil, Sanctions, and Donald Trump
- Political Geography:
- Iran, South Asia, Middle East, India, North America, and United States of America