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India Increases Iranian Oil Imports In June By 48 Percent

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India Increases Iranian Oil Imports In June By 48 Percent

Despite US pressure New Delhi and Tehran preparing to continue trading

Despite US pressure to reduce Iranian oil imports to zero by November this year, Indian refiners have imported 48 percent more oil from that country in June than a year ago, Minister for Petroleum and Natural Gas Dharmendra Pradhan has said in Lok Sabha on Monday.

Pradhan told the law makers that India’s refiners bought around 664,000 barrels per day (bpd) of Iranian oil in June this year, 48 percent more than the volume they purchased in the same month last year.

“Indian refiners imported 1.9 million tons (447,000 bpd) of crude oil from Iran in June 2017 and placed orders for 2.82 million tons in June 2018”, the minister said in a statement.

Read More: Indian Oil PSUs raise import from Iran

According to Pradhan, India loaded about 715,600 bpd oil from Iran in April-June 2018 period, a rise of about 45 percent from the previous quarter.  However, India’s private refiners are reportedly working to source oil from Saudi Arabia, Russia, Iraq and US and others to offset cuts in Iranian oil under US sanctions.

India Increases Iranian Oil Imports In June By 48 PercentAccording to Tehran based Press TV, new US sanctions on oil and transactions with the Central Bank of Iran are about to come into effect on November 4. The US has warned third countries against buying Iranian crude amid a rise in Washington’s attempts to choke Iran’s oil revenue.

Last month India has allowed Iran’s Bank Pasargad to open a branch in Mumbai. The Finance Ministry conveyed to RBI that it has no objection in allowing the Tehran based bank to open its branch in India.

Read More: Germany asks India to continue buying oil from Iran

In May this year, Minister of External Affairs Sushma Swaraj made it clear that India does not recognize country-specific sanctions. She was quoted saying, “Our foreign policy is not made under pressure from other countries. We recognize UN sanctions and not country-specific sanctions”.

Indian embassy in Tehran has also issued a statement saying, “Iran has always been a reliable energy partner for India and others, seeking a balanced oil market and regional prices of oil which ensure the interest of both countries as consumer and supplier.”

Tehran has offered to insure oil cargoes to India after some insurers stopped providing the service in the face of the impeding sanctions, Press TV reports.

In February this year, Iranian President Hassan Rouhani while visiting New Delhi promised to increase crude oil imports from Iran from 205,000 bpd in 2017-18 to 396,000 bpd in 2018-19.

Read More: India under US pressure to cut oil imports from Iran, Govt says exploring all options

Meanwhile, the Indian Oil Ministry has revealed that India and China have discussed the possibility of forming an “oil buyers’ club” that can negotiate better terms with sellers.

India Increases Iranian Oil Imports In June By 48 PercentDhirendra Pradhan, while speaking in the parliament said, “Meetings have been held between India and China, both at ministerial and company levels. During these meetings both sides expressed interest to cooperate and collaborate to deal with high crude oil and gas prices, including through increased communication between companies to work towards control and reduce spikes in prices.”

In May this year, US President Donald Trump had withdrawn US from multilateral Iran-nuclear deal signed by P5+1 and Tehran, which came into effect in January in 2016. US has announced to re-impose sanctions in two stages in August and November this year.

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Ahead of Delhi Elections, Arvind Kejriwal launches Revdi Par Charcha campaign to seek feedback on freebies

Arvind Kejriwal said 65,000 meetings will be held across Delhi at micro levels by the AAP leaders and workers.

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Ahead of Delhi Elections, Arvind Kejriwal launches Revdi Par Charcha campaign to seek feedback on freebies

The Aam Aadmi Party (AAP) on Friday launched a campaign with a tagline Revdi Par Charcha to seek public feedback on freebies. The campaign comes ahead of the assembly elections, which is scheduled to be held in February.

Former Chief Minister and AAP national convenor Arvind Kejriwal launched the campaign with his colleagues at the party office, saying while the opposition calls freebies as revdi, the party calls it services. This campaign will start on November 25 and will continue for 15 days until December 10, discussing the issues with common man.

Notably, the opposition has been targeting the AAP for providing free electricity, water and free public buses for women among other facilities. However, AAP feels freebies help citizens live a life of dignity.

Gopal Rai, AAP’s Delhi unit chief, said that so far, politicians used to enjoy the facilities, while citizens paid taxes. He continued that Arvind Kejriwal’s government decided that the people should also get the facilities like the politicians, adding the BJP called their attempt revdis. He said that AAP is launching the ‘Revdi Par Charcha’ campaign to discuss with the people in the city if the government should provide the facilities or not.

Launching the campaign, Arvind Kejriwal said 65,000 meetings will be held across Delhi at micro levels by the AAP leaders and workers. He said that AAP has six revdis for the people of Delhi. Mentioning that the Prime Minister and BJP have said several times that Kejriwal is providing freebies to the people that should be stopped, the former Chief Minister said that now people will now tell them if they want these six freebies.  He further concluded that if the BJP is elected here, they will stop these services immediately.

While listing the six services, the AAP national convenor said that Delhi is getting free electricity round the clock. He added that there was a time when Delhi used to see power cuts for 8-10 hours, but AAP ensured that the situation changed. He also noted that his party is providing free water, free pilgrimage to senior citizens, free bus rides to women, free world-class education and free medicine and treatments. Additionally, the pamphlet launched by Arvind Kejriwal also listed that soon the women in Delhi will get Rs 1,000 per month as well, later termed as the seventh revdi by the former Chief Minister.

Reports said that the paper will be circulated across the national capital. The paper also reads that if the reader feels they are getting huge water bills, they should not pay it. It mentioned that AAP will waive all water bills once Arvind Kejriwal is re-elected.

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Rahul Gandhi says air pollution in North India a national emergency, tourism declining, global reputation crumbling

“We need a collective national response, not political blame games,” the Congress leader said on his X handle.

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Leader of Opposition in the Lok Sabha Rahul Gandhi on Friday said the air pollution in North India is a national emergency that needs a collective national response and not a political blame game. The Congress leader added that due to air pollution tourism is declining and “our global reputation is crumbling”.

It is a public health crisis that is stealing children’s future and suffocating the elderly, Gandhi said, adding an environmental and economic disaster that is ruining countless lives.

“As Parliament meets in a few days, MPs will all be reminded of the crisis by our irritated eyes and sore throats. It is our responsibility to come together and discuss how India can end this crisis once and for all,” the Leader of the Opposition in Lok Sabha said.

The former Congress chief said the poorest “among us suffer the most”, unable to escape the toxic air surrounding them. Families are gasping for clean air, children are falling sick, and millions of lives are being cut short, he added.

The Rae Bareli MP noted that the pollution cloud covers hundreds of kilometres. He said cleaning it up will require major changes and decisive action from governments, companies, experts, and citizens.

“We need a collective national response, not political blame games,” the Congress leader said on his X handle.

Gandhi also shared a video on a social media platform where he discussed the capital’s air pollution with environmentalist expert Vimalendu Jha. In the video, the Congress leader said he has been facing eye-burning and breathing issues and how the last week in Delhi has been terrible.

He said, “I tell my mother to leave town this month.” Jha explains to Gandhi that the sources of air pollution in Delhi are episodic and perennial. Episodic sources are firecrackers and stubble burning, which affect the month of November. “Vehicular contributes 50 per cent of Delhi’s pollution and construction-related roadside dust is another 30 per cent,” Jha said.

The Air Quality Index in Delhi has been severe since November 16, making it five consecutive days till Wednesday. On November 15, the average AQI was 396 (very poor).

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Indian Navy submarine collides with fishing boat near Goa coast, 2 fishermen missing

A spokesperson from the Navy told the media that eleven crew have been rescued so far.

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Indian Navy submarine collides with fishing boat near Goa coast, 2 fishermen missing

Indian Navy officials on Friday said that an Indian fishing vessel with a crew of 13 collided with an Indian Naval submarine near the Goa coast. 

Following the incident, a massive search and rescue operation has been launched by the Indian Navy, which has deployed six ships and aircraft. Reportedly, while 11 crew have been rescued, two are still missing.

The Ministry of Defence issued a statement and said that the vessel, Marthoma, collided with a Scorpene-class submarine about 70 nautical miles off the Goa coast. It added that search and rescue efforts for the remaining two are underway and are being coordinated with Maritime Rescue Coordination Centre Mumbai (MRCC). It further mentioned that additional assets including from the Coast Guard have been diverted to the area to augment the efforts.

The statement said that the cause of the incident is being investigated. Notably, Scorpene-class submarines are a major part of India’s naval power in the Indian Ocean as they can undertake multifarious types of missions, including anti-surface warfare, anti-submarine warfare, intelligence gathering, mine laying, and area surveillance.

Reports said that the state-of-the-art technology utilised for the construction of the Scorpene-class submarines has ensured superior stealth features such as advanced acoustic silencing techniques, low radiated noise levels, hydro-dynamically optimized shape and the ability to launch a crippling attack on the enemy using precision-guided weapons. Furthermore, the attack can be launched with both torpedoes and tube-launched anti-ship missiles, whilst underwater or on the surface.

Meanwhile, the Indian Navy in its statement said that 13 crew members were aboard the fishing vessel at the time of the collision. It added that while 11 crew have been rescued so far, two fishermen are still reported missing.

A spokesperson from the Navy told the media that eleven crew have been rescued so far. He stated that search and rescue efforts for the remaining two crew members of Marthoma are in progress and are being coordinated with the Maritime Rescue Coordination Centre (MRCC), Mumbai. Additional assets including from the Coast Guard have been diverted to the area to augment the efforts, he continued.

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