TEHRAN – Indian Ambassador to Tehran says Iran plays an important role in providing crude for India and the JCPOA has eased problems for oil payment to Iran.
In an interview with Mehr news agency, Indian Ambassador Saurabh Kumar pointed to the historic relation of Iran and India, adding that the nuclear agreement and the JCPOA helped both countries for crude oil deal and its payment.
Kumar said Iran and India’s trade had been limited to only energy and agriculture sectors during the past 10 years due to the sanctions over Iran’s nuclear activities.
The diplomat added that India was one of the rare countries whose trade with Iran continued during the sanctions era and it was because of culture and deep rooted ties and civilization.
He added that India is the fourth major economy in the world and Iran is the biggest economy in its region and both countries’ economies can be complete together.
He went on to say that there are many grounds and potentials for cooperation between both states. Kumar also said that Indian Prime Minister’s visit to Tehran was to strengthen the ties.
On the impact of the JCPOA on trade relation of both countries, the Indian diplomat said that the most important achievement of the JCPOA was that India increased its oil purchase from Iran and resumed payment of its dues.
He reiterated that now there is no limitation for oil trade between both countries. He reiterated that Iran is one of the major oil providers of India and plays a great role, adding that last year India purchased oil worth $7b, reiterating that India is keen to play more role in Iran’s energy sector.
On return to Iran-Pakistan-India gas pipeline project, he said that there are several options for buying oil and gas, and the pipeline is one of the options but India looks for the best in terms of economic views.