Foreign secretary Vijay Gokhale said on Wednesday the country is open to importing more oil and gas from the United States.
The United States early this month re-imposed sanctions against Iran's oil exports to punish Tehran for its involvement in several Middle Eastern conflicts and curb its nuclear programmes.
But fearing a price spike, Washington granted a sanctions waiver to eight of the biggest buyers of Iran's oil, including India.
India is expected to import about $4 billion of oil from the United States this year, Gokhale said.
"We expressed our readiness to import more gas and more oil from United States as a way of expanding trade," Gokhale told reporters on the sidelines of an Asian summit attended by Prime Minister Narendra Modi.
The United States early this month re-imposed sanctions against Iran's oil exports to punish Tehran for its involvement in several Middle Eastern conflicts and curb its nuclear programmes.
But fearing a price spike, Washington granted a sanctions waiver to eight of the biggest buyers of Iran's oil, including India.
India is expected to import about $4 billion of oil from the United States this year, Gokhale said.
First Published: Nov 14, 2018 12:16 PM IST
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