Sanjay Sethi

Press TV, New Delhi

India says it will oppose any Iran related U.S. sanction on its oil companies.

Indian petroleum minister D.B Pradhan promised full protection of its oil companies.He said there are diplomatic complexities.

Among the five global ones the Oil and Natural Gas Corporation, Indian Oil and Oil India are three Indian state owned companies that have been targeted by the U.S administration for having energy ties with Iran.

Approved PTC-Experts say India is expected to bring up this issue with the US soon and emphasize that prohibiting its oil organizations from working with

Iran is just going to put more pressure on the energy requirements and a strain on its economy.

U.S. sanctions law targets anyone investing in Iran’s energy sector.$20 million or more investment in a year is not allowed.

The US has given India a waiver in light of the fact that imports of Iranian oil buys have descended based on the norms set by them, however the EU has debilitated to quit guaranteeing India's refineries if they keep handling Iranian oil.

India has made it clear to the US during President Obama's visit to India last month that it had reduced oil imports from Iran as requested however it cannot reduce it further.

While most of the crude imported is carried by foreign flag ships , India has been forced to look for oil imports from other countries after the US government imposed sanction on Iran.

India has made it clear to the US that maintaining energy ties with Iran is paramount to meet its demand for petroleum.