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India pulls out of Iranian oil market: report

TEHRAN : India is pulling out of the Iranian oil market, the semi-official Iran's news agency Mehr in a report claimed h
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By Imad Uddin
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india-flagTEHRAN: India is pulling out of the Iranian oil market, the semi-official Iran's news agency Mehr in a report claimed here Tuesday.

"Leaving the giant gas pipe line project with Iran and Pakistan, annulment of LNG purchase contract and existing cooperation at development of phase 12, the largest of south-Pars gas field and withdrawal from development project of Farzad-B gas field are all clear indications of Indian intention, namely, pulling out of Iranian oil business," the report added.

Copyright PPI (Pakistan Press International), 2011

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