India Willing to Invest in Iran’s Energy Sector: Envoy

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TEHRAN (Tasnim) – 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 to the opening capacity of P4 Expo India in Greater Noida on Wednesday, Ansari demonstrated the new air made after the late use of a nuclear course of action amidst Iran and six world powers, saying that with the financial authorizations against Tehran now lifted, Indian associations should understand the opportunities for theory and closer coordinated effort with the Islamic Republic in different domains, including oil and gas organizations.

“Iran-India collaboration in upstream and downstream segments of the oil business has a long record and the two nations can help this participation in the new era,” he noted.

“India is willing to participate and put resources into downstream sectors of Iran’s oil industry, especially petrochemicals and concoction manures,” Ansari added.
The International Trade Show and Conference on Plastics, Petrochemicals, Printing and Packaging, otherwise called P4 Expo India, opened on Tuesday, April 5, and will last until Friday April 8 in Greater Noida on the outskirts of New Delhi.

There has been developing enthusiasm for trade and financial ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 achieved a conclusion over the content of nuclear agreement and began executing it on January 16.

The exhaustive nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA), ended all nuclear related sanctions forced on Iran.

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