Iranian deputy foreign minister in Delhi for talks
July 16, 2018 09:53
Iranian deputy foreign minister Abbas Araghchi arrived in New Delhi late on Sunday night to hold consultations with the ministry of external affairs.
Araghchi's visit comes days after Iran assured India that it will maintain flexibility in its oil supply. His visit also comes after a senior Iranian diplomat Massoud Rezvanian Rahaghi warned India with retaliatory measures if India reduced its oil purchase from Iran.
Rahaghi had said that if India plans to replace Iran with countries like Saudi Arabia, Russia, Iraq, the US and others for the 10 per cent of its oil demand, then it may lose all privileges Iran has offered to India.
However, a day later, the Iran embassy issued a clarification saying, "Iran has always been a reliable energy partner for India and others, seeking a balanced oil market and rational prices of oil which ensures the interests of both countries as consumer and supplier. Iran understands the difficulties of India in dealing with the unstable energy market and it has done and will do its best to ensure security of oil supply to India through offering various flexibility measures which facilitates our bilateral trade in particular Indian export to Iran."
"India is a sovereign nation and taking into account many criteria including its friendly relations with supplier countries, market factors, geopolitical and geo-economical considerations and potentials and reliability of the oil suppliers chooses its energy partners," it further added.
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances