More

    India-Iran sign agreements on crude oil imports, gas field development.

    Must Read

    Vaccination drive at Parul Sevashram Hospital steers the path towards a Covid free nation

    The COVID-19 pandemic has been the most defining global health crisis of our time and the greatest...

    Manish Ranjan taking over as new commandant of 103 BSF at Bhuj

    A CAPF cadre 1995 batch officer Manish Ranjan joined BSF on 2 Jan 1995 and served in...

    More than 98% vaccination at rural vaccination centers in Vadodara district

    115% vaccination at Sterling Bhayli center The Chief District Health Officer, Dr.  Uday Tilawat...

    The document was signed by Iran’s Minister of Petroleum Bijan Zangeneh and his visiting Indian counterpart Dharmendra Pradhan in Tehran

    The two ministers signed a cooperation agreement encompassing oil exports, petrochemical operations and gas-field development on the occasion, sources said.

    Pradhan addressing a joint press conference with his Iranian counterpart said, “Iran and India’s energy ties are no longer limited to crude oil imports,” and that India was ready to invest $20 billion in the port of Chabahar in Southeastern Iran. He added that “energy sector can be determining in development of Tehran-New Delhi relations.” India has already extended over $ 100 million Line of Credit for berths and jetties at Chabahar.

    India’s participation at Farzad-B gas field topped discussions between the two Ministers, sources informed. Last year ONGC submitted a proposal of $ 3 billion for development of Farzad-B field.

    Iran is targeting India, where demand for crude is growing faster than other Asian countries, as well as old partners in Europe for stepped-up shipment of its crude oil following the lifting of the US-led sanctions against it.

    Indian refiners have said they are keen to import more from Iran, as demand for fuel soars at a rate faster than that in China.

    India is currently Iran’s second-biggest oil client after China.

     

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    Team India creates history, clinches test series against Australia 2-1

    India today created history by defeating Australia by three wickets in the fourth and final Test at...

    Manish Ranjan taking over as new commandant of 103 BSF at Bhuj

    A CAPF cadre 1995 batch officer Manish Ranjan joined BSF on 2 Jan 1995 and served in Kashmir, West Bengal and Intelligence....

    More than 98% vaccination at rural vaccination centers in Vadodara district

    115% vaccination at Sterling Bhayli center The Chief District Health Officer, Dr.  Uday Tilawat said that around 98.10 percent...

    Covid 19 cases reached 22746 in Vadodara after 70 new cases on Tuesday

    Total 103 discharged from hospital taking the total to 21488 The number of positive cases in Vadodara reached 22746...

    65th National Convention of JCI India being held at Vadodara between 20 to 24 January 2021

    Through Nayan Prayas Project we are going to spread awareness in girls about the personal hygiene and also to remove taboos prevailed...

    More Articles Like This

    - Advertisement -