Tuesday, November 16, 2010

Tehran to New Delhi: "Put up or Shut u!"

"...India, fresh off a visit by US President Barack Obama, is being put in a dilemma by the Iranian government which says it has until the end of December to put up or shut up about its proposed investments in Iran's rich South Pars gas field.
A senior official at the petroleum ministry told Asia Sentinel that it is a "tough ask for New Delhi to balance India's energy needs with America's discomfort about any country doing business with Iran."
Although contracts have been signed, the money that has flowed so far has not been enough to invite US sanctions. However, this will need to change if the South Pars project is to move forward. India, with its burgeoning economy growing at a 7 percent average clip since 1997, has 17 percent of the world's population and less than 1 percent of the world's known oil and natural gas resources, faces a serious energy challenge without massive imports. ..."

1 comment:

Anonymous said...

i don't think the indians will risk their chance of a seat at the SC for better reltions with Iran.