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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.

India News

Parliament winter session: Government lists 15 bills, including Waqf bill

The session will kick off on November 25 and conclude on December 20.

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The government has listed five new ones and one to amend the contentious Waqf law out of 15 bills for the winter session of Parliament. The session will kick off on November 25 and conclude on December 20.

The government has introduced five new bills, including the Coastal Shipping Bill, 2024, which aims to promote coasting trade and increase the participation of Indian-flagged vessels owned and operated by Indian citizens for both national security and commercial purposes.

Another significant legislation that will be introduced by the government is the Indian Ports Bill, 2024. This bill is designed to implement measures for the conservation of ports, enhance security, and manage pollution, ensuring compliance with India’s international obligations and statutory requirements.

Additionally, the government plans to introduce the Merchant Shipping Bill, 2024, which aims to meet India’s obligations under maritime treaties and support the development of Indian shipping while ensuring the efficient operation of the Indian mercantile marine in a way that serves national interests.

Pending legislation includes the Waqf (Amendment) Bill, which is awaiting consideration and passage after the joint committee of both Houses submits its report to the Lok Sabha. The committee is expected to report by the end of the first week of the winter session.

Currently, there are eight bills, including the Waqf (Amendment) Bill and the Mussalman Wakf (Repeal) Bill, pending in the Lok Sabha, while two additional bills are in the Rajya Sabha.

Furthermore, the government has also listed the Punjab Courts (Amendment) Bill for introduction, consideration, and passage, which seeks to increase the pecuniary appellate jurisdiction of Delhi district courts from Rs 3 lakh to Rs 20 lakh.

The Merchant Shipping Bill, along with the Coastal Shipping Bill and the Indian Ports Bill, is slated for introduction and eventual passage.

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International Criminal Court issues arrest warrant against Israel PM Benjamin Netanyahu over war crimes

The court accused Prime Minister Netanyahu and Defence Minister Gallant of crimes against humanity, including murder, persecution, inhumane acts, and the war crime of starvation as a method of warfare.

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International Criminal Court issues arrest warrant against Israel PM Benjamin Netanyahu over war crimes

The International Criminal Court (ICC) today issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defence Minister Yoav Gallant over alleged war crimes and crimes against humanity.

The court accused Prime Minister Netanyahu and Defence Minister Gallant of crimes against humanity, including murder, persecution, inhumane acts, and the war crime of starvation as a method of warfare. The leaders allegedly restricted essential supplies such as food, water, and medical aid to civilians in Gaza, resulting in severe humanitarian crises and deaths, including among children.

Last year in October, Israel had launched attacks on Gaza in retaliation for the surprise attack by Hamas. The Israel-Hamas war has led to the death of thousands of civilians, while lakhs have been displaced. The major infrastructures in Gaza, including hospitals and schools, were also destroyed as Israel vowed to wipe out Hamas.

The International Criminal Court stated that it found reasonable grounds to believe the accused intentionally targeted civilians and limited medical supplies, forcing unsafe medical procedures, which caused immense suffering. This ruling was based on the findings from at least October 8, 2023 until at least May 20, 2024.

The court remarked that it has assessed that there are reasonable grounds to believe that PM Netanyahu and Defence Minister Gallant bear criminal responsibility as civilian superiors for the war crime of intentionally directing attacks against the civilian population of Gaza.

Furthermore, it also noted that the lack of food, water, electricity and fuel, and medical supplies created conditions of life calculated to bring about the destruction of part of the civilian population in Gaza, leading to death of civilians, including children due to malnutrition and dehydration.

Additionally, the International Criminal Court dismissed two challenges by Israel against its jurisdiction in the situation in the State of Palestine.

Notably, Israel had contested the ICC’s jurisdiction, claiming it could not be exercised without Israel’s consent. Nonetheless, the Chamber ruled that the Court has jurisdiction based on Palestine’s territorial scope, including Gaza, the West Bank, and East Jerusalem. It further noted that Israel’s objections were premature, as jurisdictional challenges under the Rome Statute can only be made after an arrest warrant is issued.

Reportedly, Israel had also requested a fresh notification regarding the investigation, started in 2021. Denying the request, the court stated that Israel had earlier declined to request a deferral, making additional notifications unnecessary.

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Yogi Adityanath accords tax-free status to Sabarmati Report film in Uttar Pradesh

Earlier, Prime Minister Narendra Modi and Home Minister Amit Shah have also praised this film.

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Uttar Pradesh Chief Minister Yogi Adityanath on Thursday accorded a tax-free status to ‘The Sabarmati Report’ film, based on the train burning incident at Godhra in Gujarat in 2002, in the state.

The announcement was made after Chief Minister Adityanath attended the screening of Vikrant Massey and Raashii Khanna-starrer ‘The Sabarmati Report’ in Lucknow with the film’s cast.  

Speaking to reporters, actor Vikrant Massey thanked the Uttar Pradesh Chief Minister for making ‘The Sabarmati Report’ film tax-free in the state. “I want to thank Yogi Adityanath ji. This is an important film and I appeal to everyone to go and watch this film,” he said.

Chief Minister Adityanath along with many of his cabinet colleagues watched the film ‘The Sabarmati Report’ under a special screening at a cinema hall in the capital, said a spokesperson of the state government.

Several people associated with the film unit were also present on the occasion. Later the chief minister announced to make this film tax-free in UP.

The BJP-ruled states have been praising the makers of The Sabarmati Report, claiming the team has tried to bring out this truth in front of the people of the country through the film.

The saffron party is appealing to people to watch this film and try to get closer to the truth of Godhra.

Uttar Pradesh becomes the sixth BJP-ruled state after Haryana, Rajasthan, Chhattisgarh, Madhya Pradesh and Gujarat to declare lead actors Vikrant Massey and Raashii Khanna’s film tax-free.

Adityanath said along with identifying the faces of those who are conspiring against the country for political gains, there is also a need to expose them. The film team has discharged its responsibilities to expose the truth, he said, adding an attempt has been made to bring the real truth in front of the country in a big way through the film.

The Sabarmati Report is said to be based on the incident of setting fire to a train full of ‘karsevaks’ in Godhra on February 27, 2002, killing 90 devotees. After this incident, communal riots broke out in Gujarat. Earlier, Prime Minister Narendra Modi and Home Minister Amit Shah have also praised this film.

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