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Q.

If EU imposes any oil embargo on Iran and due to that if Iran export its surplus crude to nations like India, China and Brazil at a deep discount what will be the intentions behind that? It is hard to believe that Iran will give any concessions to any one just like that. Your views?

Tags: india, money, china
Asked by Good Citizen, 31 Jan '12 11:47 am
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Answers (3)

 
1.

It is question of balancing the supply and demand.

India and other countries would face the wrath of the western countries for keeping their channel open with Iran. At the same time, these countries too would like keep a check on Crude Price in the market using this situation. Iran would like to sell their Crude Oil to any one who is willing to buy their Crude in order to meet their FE requirement. In the whole process, there are all probability that these countries would get the Crude and LNG at bargain price. It will have a cascading effect on OPEC pricing and Brent Crude price.

I love this, it will have check and balance on Crude Price in international market :)
Answered by MAdhavan Avadhany, 31 Jan '12 11:59 am

 
  
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2.

The main motive is to get support of these three important countries in case of USA invasion.But at least our crude import bill will come down.But it is not easy.We can not make USA $ payment because of USA sanction. We may have to pay through gold.
Answered by Damodar Biswal, 31 Jan '12 07:35 pm

 
  
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3.

It also depends on the political factors
Answered by Karan Sehgal, 31 Jan '12 06:29 pm

 
  
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