Iran ready to share its oil, gas with India: Rouhani

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18 February, 2018

"Both leaders held a substantive & productive discussion on cooperation in trade & investment, energy, connectivity, defence & security & regional issues", MEA spokesperson Raveesh Kumar tweeted.

During his visit, both Iran and India will review the progress achieved in bilateral relations and also exchange views on regional and worldwide issues of mutual interest.

The trio: President Ram Nath Kovind and Prime Minister Narendra Modi welcome Iranian President Hassan Rouhani during his ceremonial reception at Rashtrapati Bhavan on Saturday.

Iranian President said, "Iran is a country which is rich in oil, gas and energy and is ready to share its oil, gas and energy resources for the development and progress of India", Iran want to continue its sinewy bilateral relationship with India.

Continuing the policy of "developing closer ties", former Iranian president Mohammad Khatami visited India in 2003 as the Chief Guest of the Republic Day parade, where he signed "The New Delhi Declaration", in line with the previous resolution in Tehran, further expanding bilateral ties.

In April through January, the first 10 months of this fiscal year, India imported about 17 percent less Iranian oil at about 442,800 bpd. He said Iran wants peace across the world and friendly relations with not only Islamic countries but other countries as well.

Besides, the two Leaders released a joint postage stamp depicting Deendayal Port, Kandla and ShahidBeheshti Terminal, Chabahar that reflected the enhanced prosperity through greater connectivity.

New Delhi has been a key buyer of Iranian oil and gas and maintained trade ties with Tehran even when it faced global sanctions over its nuclear program.

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However, local Indian media have reported frustrations over delays in awarding a contract to develop a major gas field known as Farzad B in the Gulf. Modi called it the "golden gateway" to access landlocked Afghanistan and Central Asian region.

Expansion of cooperation between the two countries helps maintain security and stability of the region, Indian premier said.

India committed up to $500 million for the development of Chabahar.

President Rouhani made the remarks in a special ceremony for signing and exchange of memorandum of understanding (MoU) between the two countries during which he expressed satisfaction with the current level of cooperation between the two sides. According to New Delhi, Iran has shifted the goalposts several times since the start of negotiations on the deal in 2007.

He also slammed the U.S. for trying to control the destiny of Iranians.

The president also described strengthening the two countries' cooperation on regional and worldwide issues, and said: "Strengthening cooperation between Iran and India on regional issues can contribute to stability and security of the region".

The two sides are now determined to protect and even broaden the scope of such historical relations, President Rouhani said.


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