Iran is exporting crude oil to india around 350,000 barrels hopes to increase this number. Bijan Zanganeh ( Iran Oil
Minister) was quoted by saying on saturday after meeting with Indian counterpart Dharmendra Pradhan. The Shana news agency, linked to Iran's oil ministry, quoted
Zanganeh as saying Indian oil purchases from Iran were at 350,000 barrels a
day and that we hope this number will increase now that sanctions have
been lifted. The two ministers mutually signed a cooperation agreement covering oil
exports, the petrochemical sector and the development of a gas field, though
there were no reports of any final deals being signed. Pradhan said India was ready to invest $20 billion in the port of Chabahar port in
southeastern Iran, according to Shana, adding that Iran and India's energy ties
are no longer limited to crude oil imports. Zanganeh said Indian companies were looking to invest in oil, gas and
petrochemical projects in the Islamic Republic, but that reaching deals was a
difficult task and needs time.
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