ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
International relations

India to keep importing oil from Iran, brushing off US pressure

Despite sanction threats, New Delhi puts priority on obtaining low-cost energy

Indian Prime Minister Narendra Modi, right, and Iranian President Hassan Rouhani talk during a reception in New Delhi on Feb. 17. Securing ample supplies of energy is a crucial matter for India to support its economic growth.    © Reuters

NEW DELHI -- India is set to defy the Donald Trump administration's sanctions by continuing to import oil from Iran even after the U.S. curbs start kicking in from Nov. 4.

"Two of our [oil] companies made nominations [a few days ago] to buy oil from Iran in November," India's Oil Minister Dharmendra Pradhan said at an energy forum in New Delhi this week, without naming the companies. "We do not know whether we will get a waiver [from the U.S.] or not but the companies have booked [the oil]."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more