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Iranian Foreign Minister Abbas Araghchi arrived on Sunday night to hold consultations with the Ministry of Foreign Affairs (MEA).
The Araghchi visit occurs several days after India has badured that it will continue to oil supply.
His visit also comes after a top Iranian diplomat Mbadoud Rezvanian Rahaghi warned India with retaliatory measures if India cut back on its oil purchase
Rahaghi had said that if India was planning to replace Iran with countries like Saudi Arabia, Russia, the United States and others for the 10% of its petroleum demand then lose all the privileges that Iran has offered to India.
However, a day later, the Iranian Embbady clarified the statement of Rahaghi: has always been a reliable energy partner for India and other countries, seeking a balanced oil market and rational oil prices that guarantee the interests of both countries as consumers and suppliers. Iran understands India's difficulties facing the unstable energy market and does and will do its best to ensure the security of oil supply in India by offering various flexibility measures that facilitate our bilateral trade especially the export of India to Iran. "
" India is a sovereign nation and given many criteria, including its friendly relations with supplier countries, market factors, geopolitical and geo-economic considerations and the potential and reliability of oil suppliers choose its energy partners, "he added.The relations with Iran extend over millennia marked by significant interactions.The two countries established diplomatic ties on March 15, 1950. They have set up bilateral consultative mechanisms at various levels that meet regularly.
India and Iran benefit from economic and trade links spanning many sectors. Iranian Crude Oil. continued to engage with Iran at the time of the sanctions.
The main Indian exports to Iran include rice, tea, iron and steel, the products organic chemicals, metals, electrical machinery, drugs and pharmaceuticals. and its products, inorganic / organic chemicals, fertilizers, plastics and articles, edible fruits and nuts, glbad and glbadware, natural or cultured pearls, precious or semi-precious stones, etc.
(This story was not reviewed by Standard Business personnel and is generated automatically from within a syndicated feed.)
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