Tuesday, 13 March 2012

India to continue Iran oil supplies


14.03.2012
India will continue its oil supplies from Iran, Petroleum Minister S. Jaipal Reddy said here today.
"We'll continue to receive supplies from Iran," Reddy said in answer to queries by journalists on whether India was planning to suspend oil supplies from Iran due to pressure from the US.
To a question on whether the global prices of oil could cross $150 per barrel, the minister said: "The fact is oil prices are going up globally, I don't like to indulge in speculation."

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