print
gohome
Report: US sanctions may derail India-Iran energy deals
By JPOST.COM STAFF
07/19/2010
The latest round of unilateral US sanctions against Iran could derail planned energy projects between Iran and India, said India's Petroleum Secretary S. Sundareshan, the Wall Street Journal reported Monday.

Indian energy companies were considering deals with Iran, a large potential oil source for the fast-growing country. The two countries recently restarted talks over a $7.4 billion natural gas pipeline from Iran to India and Pakistan, said the Wall Street Journal.

"These are Indian public-sector companies who are negotiating these [deals]," Mr. Sundareshan said. "We've asked them to obtain appropriate legal advice."

Shortly after the US sanctions went into effect, Indian Foreign Secretary Nirupama Rao said India was concerned that "certain unilateral sanctions recently imposed by individual countries" might "have a direct and adverse impact on Indian companies and more importantly, on our energy security."
print gohome
JPost.com: Arab-Israeli Conflict | Israel News | Diaspora | Middle East | Opinion | Premium | Blogs | Not Just News | Edition Francaise | Green Israel

Copyright © 2014 Jpost Inc. All rights reserved • Terms of UsePrivacy Policy