Page 6 - India Iran

Iran offers ONGC Videsh and its partner 30% stake in Farzad-B gas field

Iran has offered ONGC Videsh Ltd and its partners a 30 per cent interest in development of the Farzad-B gas field in the Persian Gulf that was discovered by the Indian consortium, officials said. ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), in 2008 had discovered a giant gas field in the 3,500 square kilometer Farsi offshore block. In April 2011, it submitted a master development plan (MDP) to bring the discovery, which was named Farzad-B, for production but negotiations got stalled as international sanctions were slapped on Iran over its nuclear plans. Negotiations restarted in 2015, but in February 2020, National Iranian Oil Company (NIOC) informed that Iranian government has decided to award the contract to develop the field to a local firm. The exploration contract, under which OVL and its partners had discovered gas reserves in Farsi block, provided for the discoverer to be part of the field development, the officials said. Citing t

Chabahar-Central Asia transit route to boost India-Iran cooperation: Raisi

Terming India-Iran relations as "friendly and cordial", Iranian President Ebrahim Raisi said the Chabahar-Central Asia transit route can help both nations strengthen the grounds for cooperation

PM Modi, Iran's Raisi review work at Shahid Behesti terminal, Chabahar port

PM Modi and Iranian President Ebrahim Raisi met in Samarkand, Uzbekistan on the sidelines of the 22nd meeting of the Council of Heads of State of the SCO

Inter-governmental panel on the cards to resolve Chabahar Port row

Tehran wants domestic resolution; New Delhi seeks international arbitration framework

Iran seeks long-term contract with India for development of Chabahar port

Iran has said that it is ready to sign a long-term contract with India on developing the Chabahar port in order to realise its true potential in the coming years

India, Iran sign bilateral seafarer pact amid Chabahar Port talks

India and Iran on Monday signed a memorandum of understanding (MoU) mutually recognising certificates of competency in unlimited voyages of seafarers from both the nations.

Shipping Min Sonowal leaves for Iran; to assess progress of Chabahar port

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Thursday left for Iran on a four-day visit during which he will assess the progress of the first phase of the Chabahar port and interact with senior functionaries of the Central Asian countries and explore business opportunities. Located in the Sistan-Balochistan province on the energy-rich Iran's southern coast, the Chabahar port is being developed by India, Iran and Afghanistan to boost trade ties. "During my visit to Iran, I will assess the progress of the Chabahar port and look for business opportunities between South Asia and Central Asia," Sonowal told PTI before leaving for Tehran. The minister said he will hold discussions with Iranian government functionaries, meet stakeholders of the Chabahar port and attend business-to-business (B2B) meetings to explore trade potential. Sonowal's visit to Iran came a fortnight after India hosted an event on 'Chabahar Day' to promote 'Chabahar - Link to INSTC - Connecti

Rupee settlement to help India trade with Russia, Iran and others: Experts

On Monday, the Reserve Bank of India said it had put in place a mechanism for international trade settlements in Indian rupees (INR) with immediate effect

Iran starts transfer of Russian goods to India by using new trade corridor

Since Russia was sanctioned over its war on Ukraine, Iranian officials have been keen to revive a stalled project to develop North-South Transit Corridor that uses Iran to link Russia to Asian markets

Exploring settling trade in rupee with India, says Iranian minister

The foreign minister said there were detailed and forward looking discussions on economic and trade aspects, adding that Indo-Iranian trade was centuries old

Iranian FM, Jaishankar discuss strengthening of bilateral ties: MEA

Visiting Iranian Foreign Minister Hossein Amir Abdollahian and External Affairs Minister S. Jaishankar discussed strengthening of relations and strategic affairs during delegation-level talks

Prophet comment row: Culprits will be taught a lesson, NSA assures Iran

NSA Doval informed the Iranian foreign minister that wrongdoers will be dealt with at the level of the government and related bodies in a way that is a lesson to others

India, Iran reaffirm cooperation on Chabahar Port, a key transit hub

India and Iran on Tuesday reaffirmed their commitment to continue their cooperation on the development of the Chabahar Port as a transit hub for the region including Central Asia

Iran minister arrives in India to a 'warm welcome' amid Gulf backlash

Abdollahian is the first leader from an Islamic country to come to New Delhi amid widespread anger in West Asian countries over Sharma's comments

Iranian Foreign Minister arrives in India to boost bilateral ties: MEA

Iranian Foreign Minister Dr Hossein Amir-Abdollahian arrived in New Delhi on Wednesday to deepen historical ties and partnerships with India.

Iran ready to meet India's energy needs, says Tehran envoy

Iran used to be the second-largest oil supplier to India but New Delhi had to halt imports from Tehran after former U.S. President Donald Trump withdrew from the nuclear deal with Iran

Iran ready to meet India's energy needs, Tehran envoy tells New Delhi

Tehran is also willing to work closely with India to revive and find alternative routes for the stalled Iran-Pakistan-India pipeline project for transporting natural gas to India, he said

India's basmati rice exports hit 4-year low as Iran trims buying

The country's basmati rice exports in 2021 fell 20% from a year ago to 4 million tonnes, the lowest since 2017, according to government data

Jaishankar calls on Iranian President; discusses bilateral, regional issues

This is the second meeting between the two leaders in a month

India to resume buying crude oil from Iran once US sanctions ease: Official

India will look to resume buying crude oil from Iran the moment US sanctions are eased, helping it diversify its import basket, a senior government official said