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Tehran Welcomes New Delhi Investment in Iran Oil Sector: FM

(Wednesday, January 9, 2019) 12:50

The Iranian Foreign Minister Mohammad Javad Zarif said Tehran would welcome investments by Indians in Iran’s oil, gas and petrochemical projects.

Speaking in New Delhi, Zarif said Iran and India were in talks in this regard, adding, “We are always ready for talks with India and welcome proposals from this country.”

“We are optimistic that Iran and India, despite the illegal US sanctions, would be able to work together to secure the interests of their nations and the region,” he told an Indian news agency.

The official further described the economies of Iran and India and being complementary to each other, saying that the two could cooperate in various fields as they need goods and services provided by each other.

Earlier Zarif said Iran has always been and will be a reliable oil supplier for India.

"We have decided to take advantage of this opportunity, and hold meetings with Indian officials with a big economic and political delegation,” said Zarif.

He said Iran had struck a “good banking agreement” with India which was signed in fall which allowed for trading goods between the two countries.

The official also said that the strong presence of private sector representatives in the Iranian delegation in the visit to India was an indication of their interest in reaching out to their Indian opposite numbers for furthering cooperation.

"There are many areas for the expansion of bilateral relations between Iran and India, one of which is Chabahar," he said.

“The Indians are interested in being present in Chabahar and in the transit infrastructure of Iran.”

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