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Rattled by India's sharp cut in purchase of its oil, Iran on Monday offered oilfields on lucrative terms, routing gas pipeline through sea to avoid Pakistan, and insurance to refiners provided New Delhi raised oil imports.
Iran mounted a high-level delegation led by its Oil Minister Rostam Ghasemi to impress upon New Delhi to raise oil purchases, which were cut to 13.3 million tons in 2012-13 from 18 million tons in the previous year.
This year, imports are slated to fall further to around 11 million tons, with Mangalore Refinery and Petrochemicals Ltd (MRPL), which bought 3.9 million tons of Iranian oil in 2012-13, not importing any so far this fiscal.
"The Iranian side encouraged the Indian side to increase its crude purchase," said an official statement issued after Ghasemi met his Indian counterpart M Veerappa Moily.
"The Indian side explained that it would encourage companies to maintain their engagement in terms of crude oil purchase, taking into account their requirements, based on commercial and international considerations," it said.
Iran offers oilfield, pipeline to India for raising oil import
Iran mounted a high-level delegation led by its Oil Minister Rostam Ghasemi to impress upon New Delhi to raise oil purchases, which were cut to 13.3 million tons in 2012-13 from 18 million tons in the previous year.
This year, imports are slated to fall further to around 11 million tons, with Mangalore Refinery and Petrochemicals Ltd (MRPL), which bought 3.9 million tons of Iranian oil in 2012-13, not importing any so far this fiscal.
"The Iranian side encouraged the Indian side to increase its crude purchase," said an official statement issued after Ghasemi met his Indian counterpart M Veerappa Moily.
"The Indian side explained that it would encourage companies to maintain their engagement in terms of crude oil purchase, taking into account their requirements, based on commercial and international considerations," it said.
Iran offers oilfield, pipeline to India for raising oil import
