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Iran promises to ensure the security of oil supply to India

Iran says it will do its best to ensure the security of oil supply to India as it has been a reliable energy partner for New Delhi. The clarification by Iranian Embassy came a day after Iran’s Deputy Ambassador and Charge d’Affaires Massoud Rezvanian Rahaghi cautioned New Delhi that it will stand to lose special privileges if it cuts import of Iranian oil following US sanctions.

In a statement in New Delhi yesterday, the embassy said Iran understands the difficulties being faced by New Delhi in dealing with the unstable energy market and it is for India to choose its energy partners.

The embassy said Iran will do its best to ensure the security of oil supply to India by offering various flexible measures which facilitate bilateral trade, particularly Indian exports to Iran.

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“Iran has always been a reliable energy partner for India and others, seeking a balanced oil market and rational prices of oil which ensure the interests of both countries as consumer and supplier,” the embassy said in a statement.

Rahaghi had also criticised India for not fulfilling its promise of making investments in the expansion of the strategically located Chabahar port

On Chabahar, the embassy said Iran has always welcomed Indian initiatives in the project.

“However, due to the importance of the issue, Iran has frequently emphasised on expediting Indian investment, and pushing Indian partner companies to accelerate their engagement in the execution of the projects,” it said


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