Iran - India & China's Partner
The U.S. Ambassador, David Mulford, met on March 10 with India's Oil Minister Mani Shankar Aiyar to express concern about India's plan to import gas from Iran through a pipeline. India is in talks to acquire assets of OAO Yukos Oil Co. confiscated by Russia, a country that may supply a fifth of India's oil.
Subir Raha, the government-appointed head of India's biggest oil company Oil & Natural Gas, said the U.S. would be ``stupid'' to attack Iran and risk imposing record oil prices on the global economy. ``You launch one more attack and you can't even guess where the speculation will go,'' Raha said.
India, the third-biggest oil consumer among 45 nations in the Asia Pacific region, relies on Iran and other Middle East nations for more than half of its oil. Secretary of State Condoleezza Rice said March 16 the U.S. has concerns about India's plan to buy gas from Iran.
The Shanghai Cooperation Organization includes China, Russia, Brazil and India, with Iran and Venezuela as probable new entrants. As reported in earlier blogs: Iran has already struck a deal with China to supply liquefied natural gas; China is in the process of building a fleet of LNG ships for this purpose; Venezuela has also made a deal with China for oil. Incidentally, Europe gets 80% of its oil from Russia.
Oil & Natural Gas will buy 20 percent of Iran’s Yadavaran oil field and may take a stake in the Juffair field, the company said in a statement on Jan. 7. Iran and other countries are actively working to establish an oil trading exchange that will be exclusively euro denominated.
India Oil Chief-U.S. Would Be Stupid to Attack Iran
Venezuela & Iran - Chinas New Partners
Iran Act III? Maybe? Maybe Not? Maybe?
Iran Act III? Maybe Not? Maybe?
Act III, Iran? Maybe Not
Act I: Afghanistan, Act II: Iraq, Act III: Iran or Syria?
Subir Raha, the government-appointed head of India's biggest oil company Oil & Natural Gas, said the U.S. would be ``stupid'' to attack Iran and risk imposing record oil prices on the global economy. ``You launch one more attack and you can't even guess where the speculation will go,'' Raha said.
India, the third-biggest oil consumer among 45 nations in the Asia Pacific region, relies on Iran and other Middle East nations for more than half of its oil. Secretary of State Condoleezza Rice said March 16 the U.S. has concerns about India's plan to buy gas from Iran.
The Shanghai Cooperation Organization includes China, Russia, Brazil and India, with Iran and Venezuela as probable new entrants. As reported in earlier blogs: Iran has already struck a deal with China to supply liquefied natural gas; China is in the process of building a fleet of LNG ships for this purpose; Venezuela has also made a deal with China for oil. Incidentally, Europe gets 80% of its oil from Russia.
Oil & Natural Gas will buy 20 percent of Iran’s Yadavaran oil field and may take a stake in the Juffair field, the company said in a statement on Jan. 7. Iran and other countries are actively working to establish an oil trading exchange that will be exclusively euro denominated.
India Oil Chief-U.S. Would Be Stupid to Attack Iran
Venezuela & Iran - Chinas New Partners
Iran Act III? Maybe? Maybe Not? Maybe?
Iran Act III? Maybe Not? Maybe?
Act III, Iran? Maybe Not
Act I: Afghanistan, Act II: Iraq, Act III: Iran or Syria?
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