Industry and Energy

Home page

Industry and Energy

Indian government: We have done business with Iran earlier and will continue to do business

13 January 2012 14:10 (UTC +04:00)

Baku. Azer Mustafayev - APA-Economics. India will keep doing business with Tehran and sees no reason to seek a waiver from the United States that would protect buyers of Iranian oil from a fresh round of sanctions, a senior Indian cabinet minister said on Thursday, Reuters reported.

"Why should we seek waiver from the U.S.? We have done business with Iran earlier and will continue to do business," the minister, who has knowledge of the matter but did not want to be named as the issue is confidential, told Reuters.

The minister said government officials would visit Iran next week and find ways to pay for oil in light of U.S. financial measures designed to block the trade.