Registration was successful!
Please follow the link from the email sent to

India, Iran Review Chabahar Port Development Amidst Pressure to Resume Crude Imports from Tehran

Subscribe
New Delhi (Sputnik): India and Iran held the 16th round of Foreign Office Consultations in Tehran to review bilateral cooperation between the two nations. The meeting, co-chaired by Indian Foreign Secretary Vijay Gokhale and Iranian Deputy Foreign Minister Dr. Seyyed Abbas Araghchi, took place amidst pressure to resume crude imports from Iran.

During the meeting, Gokhale and Dr. Araghchi reviewed the development of Iran's strategic Chabahar Port to fully operationalise the Trilateral Agreement between India, Iran and Afghanistan.

“The two sides reviewed the entire gamut of bilateral cooperation, ongoing connectivity and infrastructure development projects including the development of Shahid Behesthi Port, Chabahar and full operationalisation of the Trilateral Transit Agreement (Chabahar Agreement) between India, Iran and Afghanistan,” said an Indian Foreign Ministry release.

Chabahar Port is considered a golden gateway for New Delhi’s trade with Iran, Afghanistan and the countries of Central Asia. The port, situated on the Indian Ocean in Iran's Sistan and Baluchistan Province, is easily accessible from India’s western coast.

The Chabahar route would result in a 60 percent reduction in shipment costs and a 50 percent cut in shipment time from India to Central Asia. Development of the port was first proposed under the last Shah of Iran in 1973, but it was delayed by the Iranian Revolution in 1979.

Iran’s southeastern port of Chabahar also has strategic significance in the International North-South Transport Corridor project. The proposed 7,200 kilometre-long multi-mode corridor is designed to connect India to Russia, Western Europe, the Baltic States, and Scandinavia. It would reduce transportation time by half.

There has been pressure on India to resume crude imports from Iran, after facilities owned by Saudi Aramco, one of the largest oil producers in the world, were attacked over the weekend. Saudi Arabia is one of the largest sources of crude oil for India and Aramco is reported to have assured New Delhi that they would ensure stead supply to India.

Indian Petroleum Minister Dharmendra Pradhan said on Monday (16 September) that his ministry is monitoring the “evolving situation” after the attacks on Saudi oil infrastructure and necessary steps would be taken if necessary.

An ideological affiliate of India’s ruling nationalist Bharatiya Janata Party (BJP), Swadeshi Jagaran Manch or Forum for National Self-Reliance, the economic think-tank of Rastriya Swayamsevak Sangh (RSS) has also advised Prime Minister Narendra Modi to reconsider New Delhi’s decision to suspend oil imports from Iran, thwarting US sanctions wich ban the purchase of oil from that country.  

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала