Iran to finalise player to develop the gas field 21.6 tcf reserves; OVL may be shown the door
This comes at a time of increasing imports from the US, which rose from 1.9 mt in 2017-18 to 6.2 mt in 2018-19. In H1FY20, India imported 5.4 mt from the US.
The two leaders also welcomed the utilisation of the port for exports from Afghanistan and discussed ways to promote it for enhancing wider regional connectivity for trade and transit
Earlier, Zarif tweeted that the two countries held, "excellent discussions on closer bilateral relations & regional & global issues affecting our respective countries."
The first meeting of this "follow-up committee" took place on October 23 last year
In December 2018, Iran had handed over a part of the operations at Shahid Beheshti port, Chabahar, to India. The port is the gateway to Afghanistan and central Asia
The Indian-backed Chabahar port complex on Iran's coast along the Gulf of Oman is being developed as a transportation corridor for land-locked Afghanistan
India started interacting with Iran on Chabahar Port around 2003
The heads of Indian, Iranian and Afghanistan delegation jointly inaugurated the office of the Indian SPV - India Ports Global Chabahar Free Zone (IPGCFZ) at Chabahar
A central government team is visiting Chabahar Port to work out the modalities for a new or a revised agreement
The Chabahar Port is considered a gateway to golden opportunities for trade by India, Iran and Afghanistan
The Chabahar Port is considered a gateway to golden opportunities for trade by India, Iran and Afghanistan with central Asian countries
To bypass US sanctions on Iran, govt tweaking shareholding pattern of India Ports Global to make it a state-owned
On US sanctions impacting oil trade, the visiting minister hoped to find a way out to continue selling crude oil to India
The Chabahar port is being considered a gateway to immense trade opportunities by India, Iran and Afghanistan with central Asian countries in the wake of Pakistan denying transit access to New Delhi
US President Donald Trump's decision to withdraw from a 2015 nuclear deal and penalize financial institutions for doing business with Tehran is clouding Chabahar's viability
The ambitious International North South Transport Corridor, through Chabahar port is India's gateway to Central Asia, Afghanistan and Russia
While it's unclear whether China will take up Iran's offer, the involvement of a cash-rich and expansionist Beijing would almost certainly speed up development of the port
The move may be seen as Zarif's bid to allay concerns here over the Indian involvement in the Iranian port
The Chabahar port is being considered a gateway to golden opportunities for trade by India, Iran and Afghanistan