India free to decide on Iran oil imports: Reddy

Petroleum Minister Jaipal Reddy on Thursday said that India is "free to take its decision" on importing oil sanctions from Iran, despite economic sanctions imposed by the US to thwart Tehran's alleged military nuclear programme.

Reddy told the Lok Sabha, "We respect the UN sanctions against any country." He further added that embargoes by other countries were not binding on the nation.

He was asked by Communist Part of India-Marxist leader Basudeb Acharia, if Indian oil companies had reduced crude imports from Iran since 2011.

To this Reddy replied, "We are importing oil from Iran. There could be less oil, more oil depending on requirements. It is for the (oil) company to decide. These things are not monitored by the government."

He said oil companies decide on the volume of crude imports "keeping in view various developments".

Iran is India's second largest oil supplier. But the US has been rallying for reduction of crude imports to force the Islamic republic to stop its military nuclear programme that Tehran says is only for civilian peaceful usage.

The minister said India's sovereignty was "supreme" and "we will never ever allow it to be affected in any manner".

Reddy initially took objection to Acharia's query and asked the "senior parliamentarian, with due deference to him", that he should have limited his supplementary to the basic question about the rates of cooking gas and petroleum products.

The remarks come days after a US Congressional report said that India had significantly reduced its imports of Iranian oil by volume from 16 percent in 2008 to 10 percent now.

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India free to decide on Iran oil imports: Reddy

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