External Affairs Ministry has said that India is prepared to deal with the impact of the end of waivers from US sanctions on import of oil from Iran.
Ministry Spokesperson Raveesh Kumar said at a media briefing in New Delhi on Thursday that there will be additional supplies from other major oil-producing countries based on the plan drawn up by the Ministry of Petroleum.
He said the decision will be taken keeping in view the country’s energy security, commercial consideration and economic interests.
In November, the US had granted a six-month waiver to India, China, Greece, Italy, Taiwan, Japan, Turkey and South Korea to continue importing oil from Iran.
The temporary waiver ended yesterday.