NERVE.IN

 

Tehran |11 months ago
Iran proposes joint investment, new oil contract to India
Saturday, 04 May 2013 | http://www.nerve.in/news:253500546639 | channel: Asia
"Khurshid also called on President Mahmoud Ahmadinejad and met Ali Akbar Velayati, advisor to the Supreme Leader Ayatollah Seyyed Ali Khamenei and Majlish speaker Ali Larijani."
 
Tehran, May 4 - Iran Saturday proposed to India joint investments and a production sharing contract for oil exploration as the two countries agreed to expand cooperation in the transport - especially cargo transit from Chabahar port to Afghanistan and energy sectors and building the North-South corridor linking Russia.

Meeting under the aegis of the Iran-India Joint Economic Commission, the two sides agreed to work on a trilateral transit pact involving India, Iran and Afghanistan.

Iranian Foreign Minister Ali Akbar Salehi said the abundant commonalities and cultural affinity between the two countries served a solid base for joint investment.

He said Iran was ready to expand cooperation with India in the fields of agriculture, industry, telecommunications and education on bilateral, multilateral and regional levels.

The oil offer is significant as Iran is hit by US and European sanctions. It has so far been offering service contracts to foreign companies, allowing a fixed fee for exploring and producing oil. The contours of the production sharing proposal was not immediately clear, but is believed to envisage possible ownership of the oil explored and produced by firms and the freedom to ship it wherever they like.

India's External Affairs Minister Salman Khurshid reiterated India's decision to participate in the upgrade of Chahbahar port. The secretary in the shipping ministry would travel to Tehran soon for negotiations on costs and other issues.

The Chahbahar port, surrounded by a free trade zone, is critical for India as Pakistan does not allow transit facilities to Afghanistan.

The Iranians said the Chahbahar project was important not only for their country and Afghanistan, but also for Central Asia.

Khurshid called for more contacts between the private sectors in the two countries as well as academic and educational cooperation.

The two countries discussed ways to enhance two-way trade and people-to-people contact, liberalising the visa regime. It was felt that the volume of trade did not reflect the close relations between the two countries and identified agriculture and pharma products and aeronautics the areas where cooperation could be stepped up.

We are determined to explore and use all capacities for economic cooperation and that Tehran-New Delhi joint economic commission is of high importance for preparation of the ground, removal of impediments and follow up the agreements already reached, the official Iranian news agency IRNA quoted Khurshid as saying.

Iran and India also reviewed the North-South corridor which will link Russia with Iran, with Khurshid saying that all hurdles should be resolved.

Both sides also discussed the security situation in Afghanistan and agreed to remain in regular contact.

Iran's controversial nuclear programme also came up during the meeting and Salehi said talks with P5+1 would resume this year.

On Syria, both countries asked all sides involved in the conflict to abjure violence and supported the Geneva Communique which includes the 6-Point Plan of Kofi Annan and welcomed the efforts of Joint Special Envoy Lakhdar Brahimi.

Khurshid also called on President Mahmoud Ahmadinejad and met Ali Akbar Velayati, advisor to the Supreme Leader Ayatollah Seyyed Ali Khamenei and Majlish speaker Ali Larijani.

Khurshid Friday had inaugurated the Indian Cultural Centre in the Iranian capital.

Read more on:
 INDIA (133281 views)
 DELHI (94241 views)
 NEW DELHI (68901 views)
 TEHRAN (13593 views)
 ABU (12971 views)
 INDUS (9491 views)
 IRAN (7081 views)
 ENERGY SECTOR (6756 views)
 FREE TRADE (5616 views)
 FOREIGN MINISTER (4801 views)
 TELECOM (4711 views)
 NUCLEAR PROGRAMME (4500 views)
 OIL EXPLORATION (3221 views)
 CENTRAL ASIA (3251 views)
 MAHMOUD AHMADINEJAD (3053 views)
 KOFI ANNAN (2945 views)
 ALI LARIJANI (2491 views)
 IRNA (1681 views)
 SANCTIONS (1521 views)
 JOINT ECONOMIC COMMISSION (1395 views)
 AHMADINEJAD (811 views)
 AEG (731 views)
 AERONAUTICS (721 views)
 PRESIDENT MAHMOUD AHMADINEJAD (701 views)
 

PERMALINK

http://www.nerve.in/news:253500546639
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for Asia


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.