Iran India

‘India must resume oil purchases from Iran’

Indian columnist urges the government of Prime Minister Nrandra Modi to keep buying Iranian crude despite the US sanctions in a bid to maintain its leverage in the Iranian market in case sanctions are lifted.

Energy

Iran wants India to resume oil imports, says US sanctions unilateral decision

Iranian Ambassador to India Ali Chegeni has said Tehran may look at other markets to procure soymeal, rice if India does not resume normal trade ties with Iran.

Trade

Iran leader allocates funds for key rail project linking Chabahar to Zahedan and Afghanistan

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved tapping into Iran’s sovereign wealth fund for construction of a key railway in the southeast of the country.

Transportation

First Afghan fruit cargo exported to India via Chabahar Port

Afghanistan has exported fruit to India through Iran’s strategic port of Chabahar for the first time since the corridor was opened several months ago.

Trade

India looking to set up Exim Bank branch in Iran

The Indian ambassador to Iran says the situation is ripe and all the groundwork has been laid at Chabahar Port so that a branch of Export-Import Bank of India opens in Iran.

Financial Markets

Iran can secure Indian energy demands to preserve its national interests: Ambassador

The Iranian envoy to India Ali Chegeni said India and Iran are long-time friends and that it’s in New Delhi’s interests to buy Iranian oil.

Energy

Iran seeking monetary pacts with regional countries: FM Zarif

Iranian Foreign Minister Mohammad Javad Zarif says his country is in talks with several regional countries to do business in national currencies.

Financial Markets

Indian rice, soya exporters to Iran call for payment guidelines as contracts shrink

Indian companies, engaged in exporting rice and soyabean meals to Iran are requesting that Indian government come up with special guidelines about how to clear payments from Iran.

Trade

India plans to resume oil imports from Iran to skirt US sanctions: Report

The government of PM Modi is seriously studying plans to resume oil purchases from Iran despite the sanctions. New Delhi is reportedly ironing out the details.

Energy

India establishes 3rd direct shipping route to Iran’s Qeshm Island

The Asian country, which is one of Iran’s major trading partner, has opened the route by sending a 13,000-ton ship to Iran.

Transportation