Enforcement of the double taxation avoidance agreement and extension of preferential tariff would give a fillip to trade and investment between Iran and India , Masoud Karbasian, Minister of Economic Affairs and Finance, Iran said here on Saturday.
Iranian President Hassan Rouhani will be on a three-day visit to India from Thursday. Bilateral talks are likely to focus on the progress on the Chabahar port of Iran that New Delhi is helping to develop, bilateral trade — particularly the issue of Indian investment in Iran’s Farzad-B gas field and oil imports, and mutual regional security concerns.
Iranian President Hassan Rouhani will address a gathering of Muslim intellectuals and clerics during his two-day visit to Hyderabad starting tomorrow, official sources said Wednesday.
Iran’s President Hassan Rouhani will visit India this week for three days, local media reported on Monday.
The agreement was inked Friday in India’s capital New Delhi in the presence of Abbas Akhoundi, Iran’s minister of roads and urban development, and his Indian counterpart Nitin Gadkari, the report said, according to Xinhua news agency.
Chinese authorities battling to prevent an environmental disaster after a collision between an Iranian tanker and a cargo ship said Wednesday no major oil spill has been detected, but 31 sailors remained missing.
Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time in years.
India’s top crude oil supplier is no longer Saudi Arabia, it is Iran. Saudi Arabia has traditionally has been India’s top oil source but in the April-October period of 2017-18, Iraq dethroned it due to its discounted price.
Last week saw the inauguration of the first phase of the strategic Chabahar port by Iranian President Hassan Rouhani in the presence of officials from as many as 17 countries.
India’s oil imports rose 14.1 percent in November compared to
the previous month, according to data obtained from industry sources and data