Wednesday, February 15, 2012

Current affairs
India must hold its ground on Iran

Iran is India’s second largest oil supplier after Saudi Arabia, providing about 12 per cent of its annual requirements worth about $ 12 billion. India can potentially obtain pipeline gas or LNG from Iran if security and sanctions issues can be overcome. Iran’s geographical proximity makes it a logical source of hydrocarbons for energy deficient India which today imports 70 per cent of its needs and will import 90 per cent in the years ahead. …

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