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Iran proposes joint investment, new oil contract to India
Saturday May 04, 2013 11:03:36 PM,
IANS
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Tehran:
Iran Saturday proposed to India joint investments and a production
sharing contract for oil exploration as the two countries agreed
to expand cooperation in the transport - especially cargo transit
from Chabahar port to Afghanistan and energy sectors and building
the North-South corridor linking Russia.
Meeting under the aegis of the Iran-India Joint Economic
Commission, the two sides agreed to work on a trilateral transit
pact involving India, Iran and Afghanistan.
Iranian Foreign Minister Ali Akbar Salehi said the abundant
commonalities and cultural affinity between the two countries
served a solid base for joint investment.
He said Iran was ready to expand cooperation with India in the
fields of agriculture, industry, telecommunications and education
on bilateral, multilateral and regional levels.
The oil offer is significant as Iran is hit by US and European
sanctions. It has so far been offering service contracts to
foreign companies, allowing a fixed fee for exploring and
producing oil. The contours of the production sharing proposal was
not immediately clear, but is believed to envisage possible
ownership of the oil explored and produced by firms and the
freedom to ship it wherever they like.
India's External Affairs Minister Salman Khurshid reiterated
India's decision to participate in the upgrade of Chahbahar port.
The secretary in the shipping ministry would travel to Tehran soon
for negotiations on costs and other issues.
The Chahbahar port, surrounded by a free trade zone, is critical
for India as Pakistan does not allow transit facilities to
Afghanistan.
The Iranians said the Chahbahar project was important not only for
their country and Afghanistan, but also for Central Asia.
Khurshid called for more contacts between the private sectors in
the two countries as well as academic and educational cooperation.
The two countries discussed ways to enhance two-way trade and
people-to-people contact, liberalising the visa regime. It was
felt that the volume of trade did not reflect the close relations
between the two countries and identified agriculture and pharma
products and aeronautics the areas where cooperation could be
stepped up.
"We are determined to explore and use all capacities for economic
cooperation and that Tehran-New Delhi joint economic commission is
of high importance for preparation of the ground, removal of
impediments and follow up the agreements already reached," the
official Iranian news agency IRNA quoted Khurshid as saying.
Iran and India also reviewed the North-South corridor which will
link Russia with Iran, with Khurshid saying that all hurdles
should be resolved.
Both sides also discussed the security situation in Afghanistan
and agreed to remain in regular contact.
Iran's controversial nuclear programme also came up during the
meeting and Salehi said talks with P5+1 would resume this year.
On Syria, both countries asked all sides involved in the conflict
to abjure violence and supported the Geneva Communique which
includes the 6-Point Plan of Kofi Annan and welcomed the efforts
of Joint Special Envoy Lakhdar Brahimi.
Khurshid also called on President Mahmoud Ahmadinejad and met Ali
Akbar Velayati, advisor to the Supreme Leader Ayatollah Seyyed Ali
Khamenei and Majlish speaker Ali Larijani.
Khurshid Friday had inaugurated the Indian Cultural Centre in the
Iranian capital.
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