UAE assures India to cover shortfall in oil supplies after US sanctions on Iran: Envoy
PTI, Jun 24, 2019, 4:35 PM IST
New Delhi: The UAE has assured India that it will cover any shortfall in oil supplies following the US sanctions on Iran, United Arab Emirates Ambassador to India Ahmed Al Banna said Monday.
India has expressed concern over developments in the Strait of Hormuz impacting oil prices and sought OPEC kingpin Saudi Arabia’s active role in keeping rates at reasonable levels.
“UAE has promised and assured India that they will cover any shortage of oil that it might face because of the situation (US sanctions on Iran). It has been done in the past and we commit to the Government of India the same thing now,” he said.
India stopped importing oil from Iran after American waivers granted to eight buyers expired in May this year.
Besides, Al Banna said India and the UAE are to hold talks within the next couple of months on revising a 2007 air services pact and four sectoral agreements that will allow an increase in the number of flights between the two countries, which currently stands at 1,068 a week.
“I had a meeting with the Minister of Civil Aviation and other officials and I think there is an understanding that both sides will meet soon to visit the agreement and four sectoral agreements and reach a final understanding on the capacity,” the Ambassador said.
Al Banna said the four sectoral agreements under the air services pact will be revisited. He expressed hope that negotiations for revisiting the pacts will begin in a couple of months.
He was speaking on the sidelines of an event organised by the Dubai Chamber of Commerce on the first-ever Dubai start-up hub road show to India.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
‘Idiot’: Former Canadian Sikh minister slams Justin Trudeau over Khalistan issue
Canadian cop suspended for attending pro-Khalistan protest outside Hindu temple
US going to historically tight presidential election
Expect Canadian government to ensure justice, uphold rule of law: PM Modi
Khalistanis clash with people at Hindu temple in Canada, Trudeau says unacceptable
MUST WATCH
Latest Additions
Like UP, bring BJP to power in Jharkhand to ‘bulldoze’ mafia: Yogi at Koderma poll rally
Govt asks Wikipedia why it should not be treated as publisher instead of intermediary
MUDA Case: K’taka HC adjourns hearing to November 26
SC upholds validity of UP madrassa law, says it does not violate principle of secularism
Union Minister H D Kumaraswamy booked for threatening police officer
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.