India Willing to Invest in Iran’s Energy Sector

Iranian Ambassador to India Gholam Reza Ansari said New Delhi is highly interested in investing in the Islamic Republic’s oil, gas and petrochemical industries.

Addressing the opening ceremony of P4 Expo India in Greater Noida on Wednesday, Ansari pointed to the new atmosphere created after the recent implementation of a nuclear deal between Iran and six world powers, saying that with the economic sanctions against Tehran now lifted, Indian companies should grasp the good opportunities for investment and closer cooperation with the Islamic Republic in different areas, including oil and gas industries.

“Iran-India cooperation in upstream and downstream sectors of the oil industry has a long record and the two countries can boost this cooperation in the new era,” he noted.

“India is willing to cooperate and invest in downstream sectors of Iran’s oil industry, particularly petrochemicals and chemical fertilizers,” Ansari added.

(Source: Tasnim, under Creative Commons licence)

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