India seems to hold the upper-hand over Iran in a dispute over payments for crude oil shipments that has been rumbling for over six months.
Iran supplies India with 12-14 per cent of its total imports, making it India’s second biggest provider after Saudi Arabia. But a payments dispute has left India owing debts estimated at anywhere between $2-6 billion. In effect, this means India has been importing Iranian oil on credit since December 2010.
Middle East nuclear, RWE, Chinese wind turbines
In this week’s podcast: We talk to Deloitte’s head of nuclear, Daniel Grosvenor about nuclear power plans in the Middle East; we look at German utility RWE and the possible sale of UK subsidiary Npower; and, we discuss China’s steps into the European wind market with the country’s biggest turbine maker securing an Irish wind farm deal worth €1.5bn.
Presented by David Blair with Pilita Clark and Vincent Boland.
Produced by LJ Filotrani
Energy Source is no longer updated but it remains open as an archive.
Insight into the financial, economic and policy aspects of energy and the environment.
