AZ Ru En
Bir kərə yüksələn bayraq bir daha enməz

India will continue to buy Iran's oil: Iranian foreign minister


India is committed to buying Iranian oil and continuing the two nations’ economic cooperation, the Iranian foreign minister said after a meeting with his Indian counterpart and ahead of US sanctions aimed at halting Tehran’s oil exports.

US President Donald Trump’s May withdrawal from an international nuclear pact with Iran was followed up with plans to impose new sanctions against the third-largest producer among the Organization of the Petroleum Exporting Countries (OPEC).

Washington is pushing allies to cut Iranian oil imports to zero once the sanctions start on Nov. 4.

Iran’s Foreign Affairs Minister Mohammad Javad Zarif met his Indian counterpart, Sushma Swaraj, in New York on the sidelines of United Nation General Assembly, according to a video from news agency ANI, a Reuters affiliate.

“Our Indian friends have always been categorical in terms of their intention to continue economic cooperation and (the) import of oil from Iran. And I heard the same statement from my Indian counterpart,” Zarif said when asked if India has given an assurance about continuing with oil imports.

India, Iran’s second-biggest oil client behind China, has already reduced its intake of Iranian oil but has not yet decided whether to end purchases completely.

“We have comprehensive cooperation with India and that comprehensive cooperation also includes energy cooperation because Iran has always been a reliable source of energy for India,” Zarif added.

Iran is India’s third-biggest oil supplier and the South Asian nation had drawn plans to increase purchases this financial year after Tehran offered almost free shipping and extended credit period.

In the previous round of sanctions, India was one of the few countries that continued to trade with Iran.

Zarif said Iran wants to expand its bilateral relations with India.

The Indian-backed Chabahar port complex in Iran is being developed as part of a new transportation corridor for land-locked Afghanistan. The complex could open the way for millions of dollars in trade and cut India’s dependence on sometimes-hostile neighbor Pakistan.

The plant is expected to be operational by 2019.

India is looking at providing a $3.5 million-equivalent bank guarantee for development of the port through UCO Bank, another Indian government source said.

Zarif said that Chabahar is still functional and Iran wants to expand its capacity with support from Indian and other investors.

Follow Trend on Telegram. Only most interesting and important news

Xəbər Lenti

Azerbaijan has good, promising gymnasts: Georgian representative

Southern Gas Corridor to bring needed diversification of supply to Europe: Int’l Gas Union

Dina Averina 1-st in ball exercises at Rhythmic Gymnastics World Championships in Baku

Russia’s Selezneva grabs gold at Rhythmic Gymnastics World Championships in Baku (PHOTO)

Azerbaijani FM meets Holy See’s secretary in Vatican (PHOTO)

President Ilham Aliyev congratulates his Chilean counterpart

Finals of 37th Rhythmic Gymnastics World Championships kick off in Baku (PHOTO)

Azerbaijan, Iran hold consultations on Caspian Sea issues

Saber Junction-19 drills involving Azerbaijani servicemen underway in Germany (PHOTO)

Atmosphere at stands of National Gymnastics Arena in Baku always friendly - spectator

Israeli gymnast: Absolutely all conditions created in National Gymnastics Arena in Baku

Finalists of Rhythmic Gymnastics World Championship in Baku defined in hoop exercises

Azerbaijan, Kazakhstan hold consultations on Caspian issues

Finalists of Rhythmic Gymnastics World Championships in Baku defined in ball exercises

Russian spectator: Rhythmic Gymnastics World Championships in Baku spectacular

Hikmet Hajiyev: Azerbaijan can consider potentiality of its role as transit country of Turkmen gas

Gymnast: One day I hope Australia to have such chic arena as in Azerbaijan

Azerbaijan’s Zohra Agamirova, Veronika Hudis happy with their performances (PHOTO)

Best moments of 2nd day of Rhythmic Gymnastics World Championships in Baku (PHOTO)

Results of Azerbaijani gymnasts on Day 2 of World Championships in Baku (PHOTO)

Troops redeployed during Azerbaijani army’s exercises (VIDEO)

Azerbaijan's defense minister meets newly appointed UK ambassador (PHOTO)

President Ilham Aliyev receives Georgian minister of economy and sustainable development (PHOTO)

Petkim petrochemical complex completes 1H2019 with record figures

World Championships in Baku organized at highest level: Russia's Dina Averina

Azerbaijan’s Mariya Stadnik wins license for Olympics in Tokyo

Export of Turkish goods to Iran up

Turkmen power stations using GE technology

Oman interested in importing Kazakh meat and cereals

Lithuanian gymnast: Baku held fascinating opening ceremony of World Championships

Bakcell and ASAN Volunteers continue bringing joy to children (PHOTO)

Gymnast from Australia feels in Baku as in fairy tale

Hikmat Hajiyev: Azerbaijan has not applied for any status in CSTO

Hikmat Hajiyev: Azerbaijani, Armenian FMs may meet in late September

Tasks fulfilled on maps during exercises of Azerbaijani army (VIDEO)

Next ceasefire monitoring to be held on contact line of Azerbaijani, Armenian armed forces

Nar makes surprise for schoolchildren on Knowledge Day (PHOTO)

Official: Azerbaijan recognized in int’l energy market as reliable partner

Bulgarian gymnast: I was very excited to perform today

2nd day of 37th Rhythmic Gymnastics World Championships kicks off in Baku (PHOTO)

Management Development Institute of Singapore offers to open branch in Turkmenistan

TAP project is 89.3% complete

Deputy minister: Use of electric and hybrid cars must be promoted in Azerbaijan

Uzbek, Turkey capitals sign memorandum on establishing fraternal relations

What measures by Kazakhstan's government will attract foreign investors? (Exclusive)

Turkey may launch operation in safe zone in Northeastern Syria within 2 weeks - Erdogan