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New Delhi Correspondent
India has welcomed the exemption granted by the US to India notification oil crude oil import from sanction-hit Iran without attracting American punitive measures.
India also expressed satisfaction over the US giving India a similar waiver for India’s participation in the development of Chabahar port in Iran which would give New Delhi access to Afghanistan through land circumventing Pakistan.
“We appreciate that the US government has taken into account our need for energy security and they have understood our sensitivities in this matter. We welcome this. We are now examining the details of the exemption,” External Affairs Ministry spokesman Raveesh Kumar told reporters here on Friday.
He said “it is important to understand that India is a major importer of crude oil from Iran and this is very important for our energy security requirement. We do appreciate that the US has shown understanding of our position and have said in the past that the intention of imposing sanction is not to hurt India.
Replying to a question, Kumar, however, said “I am not at the liberty to give you details of the quantum of crude oil which we will continue to import from Iran after this exemption.”
On Chabahar port, he said India has taken note of the US statement that exception has been provided under the Iran Freedom and Counter-proliferation Act of 2012 with respect to the development of port and the construction of an associate railway line.
“We appreciate that the US recognized the role which this port will play to bring strategic and long-term benefit to Afghanistan as well as the role which it is going to play in enhancing Afghanistan’s connectivity with the outside world,” Kumar added
US Secretary of State had announced had announced on Monday that America has exempted India and seven other countries from sanctions on import of crude oil from Iran. The US sanctions went into force from November 5.