No Indian firm exporting petrol to Iran, says Prasada | business | Hindustan Times
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No Indian firm exporting petrol to Iran, says Prasada

No Indian oil firm, including Reliance Industries, is exporting gasoline (petrol) to Iran, Minister of State for Petroleum and Natural Gas Jitin Prasada told Parliament today.

business Updated: Mar 09, 2010 17:04 IST

No Indian oil firm, including Reliance Industries, is exporting gasoline (petrol) to Iran, Minister of State for Petroleum and Natural Gas Jitin Prasada told Parliament today.

Besides RIL, state-owned Indian Oil Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemcials and private sector Essar Oil exported gasoline this fiscal, he said in a written reply to a question in the Rajya Sabha.

During April-December, gasoline was exported by these firms to Indonesia, Iran, Kenya, Mauritius, Mozambique, Nepal, Oman, Singapore, South Africa, Sri Lanka, Yemen and the UAE.

"Supply of gasoline to Iran was made only by RIL in April and May, 2009," he said. No gasoline was exported to Iran thereafter by any Indian company.

Asked if the US had raised objections to RIL supplying gasoline to Iran, he said: "The US Government has not raised the matter with the Government of India."

Prasada said the US Senate passed the Comprehensive Iran Sanctions and Divestment Bill on January 28 this year, which authorises the US President to apply the sanctions on foreign entities that invest in Iran's domestic refining sector or sell refined petroleum products to Iran.

"The Government of India has conveyed to the US that sanctions on Iran have proved to be counter-productive and that all differences with Iran should be resolved peacefully through dialogue and negotiation," he said.