Post-deal with world powers, Iran briefs India on moving ahead

Image
Press Trust of India New Delhi
Last Updated : Nov 25 2013 | 6:58 PM IST
Iran today briefed India in "detail" over the Interim Agreement between Iran and six super powers while outlining prospects of moving forward in the evolving situation and discussed various possibilities of furthering bilateral economic cooperation.
In a meeting with Foreign Secretary Sujatha Singh, Iranian Deputy Foreign Minister Ebrahim Rahimpour also discussed expansion and enhancement of the strategic Chabahar port project in Iran in which India has evinced a keen interest in participation.
"The visiting Deputy Minister provided a detailed briefing to the Foreign Secretary about the scenario in the region in the light of the Interim Agreement between Iran and E3 plus 3 and outlined prospects of moving forward in the evolving situation," official sources said here.
Capping days of negotiations, representatives of the US, the UK, Russia, China, France and Germany (P5+1 group of nations) reached an agreement with Iran in the early hours in Geneva yesterday to slow its controversial nuclear programme in return for about USD 7 billion in sanctions relief.
Under the deal, Iran agreed to give better access to inspectors and halt some of its work on uranium enrichment. But Iranian negotiators insisted they still had a right to nuclear power. In return, there will be no new nuclear-related sanctions on Iran for six months.
Singh and Rahimpour also "discussed various possibilities of furthering bilateral economic cooperation, particularly the Chabahar port project in which India has evinced a keen interest in participation", the sources said.
Chabahar is Iran's closest and best access point to the Indian Ocean. For this reason, Chabahar is the focal point of Iran for development of the east of the country through expansion and enhancement of transit routes among countries situated in the northern part of the Indian Ocean and Central Asia.
India is in the process of constructing a 900-km railway line that will connect Chabahar port in Iran to the mineral- rich Hajigak region of Afghanistan.
Following the meeting with Singh, Rahimpour also called on External Affairs Minister Salman Khurshid.
Meanwhile, officials in Petroleum Ministry and oil companies here said India is likely to resume paying Iran in Euros after yesterday's historic accord made it easier to import crude oil from one of its biggest suppliers.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 25 2013 | 6:58 PM IST

Next Story