BHUBANESWAR Statesman News Service, Oct. 26. — Description of the very manipulativ oil market, where prices handle, and illogical measures of the Union Minister of Petroleum Mani Shankar Aiyar believes that the response from India after a suspension of the search for oil and gas outside the country, as well as cooperation on the way to an Asian Clearing Union. On November 25, the oil minister of China, Korea, Japan and India are scheduled to discuss various possibilities to him informed. The minister expressed confidence that Iran pipeline and said there will be any possibility, by the beginning of next year, a tripartite agreement between India and Pakistan and Iran have signed this agreement. The conference on security in the oil-Xavier Institute of Management, Mr. Aiyar was bitter criticism of speculation and fears ridiculous, oil markets, where everything that is’ fixed ‘. The invasion of Iraq, constant terrorist attacks in Saudi Arabia in the labour market and unrest in Nigeria etc are enough to inflate oil prices. He pointed out that oil production has remained intact and on the right, in fact, the issue of Iraq is the same as it was in July 2003, he said. The declaration of irrationality, “he said, while Saudi Arabia is crude oil in the Caribbean at free on board prices and discounts offered for the United States, Asia, buyers of a premium perceived. Indeed, those who purchase 1/3rd get discounts and Asian buyers, which are intended purchase of crude oil 2/3rd pay a premium. Sheikhs oil mop up ways to inflate the market price and the money is deposited in the United States, so the United States should not the sentence in the current account, he said. The assertion that there is no leakage from the fact that India will continue to depend on import of crude oil and natural gas up to 85 per cent and 50 per cent respectively over the next two decades, Mr. Aiyar has to be done about his vision or strategy. We have to diversify and go for the number of sources as possible, in the northern part of Asia, Central Asia and the oil of the Caspian Sea, he said. An Asian Clearing Union on the lines of the European Union, such as oil and gas are in Asia, which was the iron and coal in Europe, he observes. The minister said that the United States did not, like Iran, as we do, and not, like Pakistan. He added that our noses, we cut despite our faces perhaps until February of this year, at the same time, he taunted stressing the steps within the limits of Iran pipeline seized. He asserts that there is no reason to worry about speculation of the opposition of the United States or sanctions in this field. In addition, the move to obtain, in conjunction with Myanmar about Bangladesh has its own problems with Bangladesh talk about trade imbalance. It was, however, confident of the development of relations with China, as “a supplement to their deep pockets of our pockets plate. Recipe is a good policy, diplomacy and the tone of its trading prospects, he said.