India 
                      votes against Iran 
                         Vienna/New 
                      Delhi: India today voted in favour of the International 
                      Atomic Energy Agency's (IAEA) resolution to report Iran 
                      to the UN Security Council over its controversial nuclear 
                      programme. At a 27-3 vote, India today joined the chorus 
                      in expressing concern over Tehran's nuclear programme, which 
                      they said may not be "exclusively for peaceful purposes". 
                      A EU resolution backed by the U.S. called for referring 
                      Iran to the UNSC with 27 countries voting in favour of the 
                      motion. Only three countries -- Cuba, Syria and Venezuela 
                      -- voted against the motion. Five countries -- Algeria, 
                      Belarus, Indonesia, Libya and South Africa -- abstained 
                      from the voting process. Today's 
                      voting at the 35-member IAEA board is being seen as crucial, 
                      as it sets in motion the stage for any future action by 
                      the UNSC, which might culminate in economic and political 
                      sanctions on Iran. IAEA Director General Mohamed El Baradei 
                      will be filing a detailed report and assessment of the Iranian 
                      nuclear program for the next meeting of the IAEA Board on 
                      March 6. 
                        India's 
                      voting is significant as its steps at the IAEA board meeting 
                      was mired in controversies arising out of statements made 
                      by U.S. Ambassador to India, David C. Mulford, that voting 
                      against the resolution would endanger the Indo-US nuclear 
                      deal for civilian use. He had reportedly said that if India 
                      did not vote against Iran at the IAEA Board of Governors 
                      meeting in Vienna, the fallout on the July 18, 2005 deal 
                      would be "devastating" and the initiative would "die". Later 
                      he issued a statement saying he had been quoted out of context. 
                      India had taken a strong objection to Mulford's statement. 
                      The Ministry of External Affairs had said that the vote 
                      at the IAEA would be its own decision and not be affected 
                      by the future of its civilian nuclear deal with the US. 
                      The Left and Opposition parties had also raised objection 
                      at Mulford's statement. The Left parties raised their ante 
                      against any move by New Delhi supporting the EU3 resolution 
                      as it did last September, and urged the Centre not to vote 
                      against Iran at the upcoming meeting of the UN nuclear watchdog. 
                      The BJP had said that the Centre should not let it to be 
                      arm-twisted by the US. 
                        As 
                      a follow-up to its earlier stance on the issue, the MEA 
                      spokesperson said that Saturday's resolution at the IAEA 
                      board meeting was a well-balanced one. "Several amendments 
                      suggested by Non-aligned countries were accepted by the 
                      EU co-sponsors. While there will be a report to the Security 
                      Council, the Iran nuclear issue remains within the purview 
                      of the IAEA," he said in a statement. "It has been our consistent 
                      position that confrontation should be avoided and any outstanding 
                      issue ought to be resolved through dialogue. The Resolution 
                      has won a period of six weeks, before the march IAEA Board 
                      Meeting, for diplomatic efforts to continue and to get negotiations 
                      between the EU-3 and Iran back on track. It also provides 
                      an opportunity for serious consideration of the Russian 
                      proposal for a joint venture with Iran for uranium enrichment," 
                      he added. He further said that Indias vote in favour of 
                      the resolution should not be interpreted in any way as detracting 
                      from the friendly and close relation India enjoyed with 
                      Iran. "Our vote in favour of the Resolution should not be 
                      interpreted as in any way detracting from the traditionally 
                      close and friendly relations we enjoy with Iran. It is our 
                      conviction that our active role, along with other friendly 
                      countries, enabled the tabling of a resolution that recognizes 
                      the right of Iran to peaceful uses of nuclear energy for 
                      its development, consistent with its international commitments 
                      and obligations, while keeping the door open for further 
                      dialogue aimed at resolving the outstanding issues within 
                      the purview of the IAEA," he said. "We call upon Iran to 
                      respond positively to the requests from the IAEA Board to 
                      restore the confidence building measures it had voluntarily 
                      adopted in the Paris agreement, and continue to cooperate 
                      with the IAEA in resolving any outstanding issues related 
                      to its nuclear programme," he further said. Prime Minister 
                      Manmohan Singh had amidst all these controversies on Tuesday 
                      said that he was committed to promoting Indias enlightened 
                      national interest. He said he still believed the Iran nuclear 
                      issue was "a matter that should be resolved through diplomacy 
                      and dialogue. As a signatory to the nuclear non- proliferation 
                      treaty, Iran was entitled to all the rights that went with 
                      its membership and also had a responsibility to fulfil its 
                      obligations". 
                    Vote 
                      against Iran pushes up oil prices 
                         Vienna/Singapore: 
                      The impact of IAEA resolution against Iran is being 
                      felt on oil prices. The prices rose sharply above 68 USD 
                      a barrel in Asian trading hours on the eve of a crucial 
                      OPEC meeting which calls for a cut in production. The prices 
                      had surged 1.50 USD in New York main contracts on supply 
                      concerns related to the growing unrest in Nigeria, Africa's 
                      biggest oil producer, and the potential fallout from Iran's 
                      decision to resume sensitive nuclear research. Earlier, 
                      Libyan oil minister Fathi Hamed Ben Shatwan had said that 
                      "if Iran is referred to the U.N. Security Council over its 
                      nuclear ambitions, it would likely cause oil prices to rise." 
                      However, key members of OPEC such as Saudi Arabia and Kuwait 
                      have rejected Iran's call. But the vote against Iran today 
                      has sparked of the debate sending global markets to jitter, 
                      ahead of the oil cartel's meeting in Vienna tomorrow. Analysts 
                      are predicting that the prices will soar up to 70 USD a 
                      barrel again and are forecasting a pessimistic projection 
                      of 90 to 97 USD a barrel by the third or fourth quarter 
                      this year. Iran, the fourth largest oil exporter in the 
                      world has called for trimming its output by one million 
                      barrels per day (bpd). 
                     
                      Iran may lay gas pipeline to Pakistan minus India 
                        Tehran: 
                      The ripples of India's vote against Iran in the International 
                      Atomic Energy Agency (IAEA) may soon be felt in New Delhi, 
                      as Tehran today categorically promised Pakistan the gas 
                      pipeline even if India does not meet a May deadline to join 
                      the project. Speaking to the newspersons here the deputy 
                      Iranian Oil minister Mohammad Nejad-Hosseinian said, "Following 
                      our prior agreement with Pakistani officials, if for any 
                      reason we do not reach an accord with the Indian side over 
                      the gas deal, Iran and Pakistan will independently develop 
                      the pipeline project." The Minister also hinted about Indias 
                      perceptible change in the policy towards Iran and diminishing 
                      interest in the gas pipeline project by commenting on the 
                      recent replacement of Mani Shankar Aiyar with Murli Deora 
                      in the crucial Oil ministry. Just a week ago, Prime Minister 
                      Dr. Manmohan Singh had brought Deora to the Oil ministry 
                      by taking away the significant Petroleum and Natural Gas 
                      portfolio from Mani Shankar Aiyar who was very keen in materialising 
                      this gas pipeline project. The Iranian officials also highlighted 
                      the fact that "If the Peace Pipeline does not reach India, 
                      then it will have to import about 600,000 barrels per day 
                      more crude oil to compensate for the loss," and added that 
                      alternatives for the gas project "would be rare, costly, 
                      unsafe and transitory." Nejad-Hosseinian was also quoted 
                      by an Iranian news agency saying, "It is in Indias best 
                      interests to participate in the project. It does not seem 
                      logical that the country act against its national interests." 
                      The gas pipeline termed as the "Peace Pipeline" has been 
                      a constant topic of debate with critics questioning its 
                      viability and stability vis-`-vis energy security of India. 
                      The USD 7 billion project linking Iran's abundant gas reserves 
                      to India had also been opposed by U.S. as Condoleezza Rice, 
                      US Secretary of State in her last visit to India had asked 
                      the Indian Government not to go ahead with pipeline project 
                      and promised to assist India to meet its energy requirement 
                      through the July 18 Indo-US Civilian Energy Nuclear deal.
                     
                      
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