Chabahar

Indian Prime Minister Narendra Modi with the President of Iran, Hassan Rouhani, in Jomhouri Building, at Saadabad Palace, in Tehran on May 23, 2016 [Image: PMO, India]
 
Despite the threat of further sanctions on Iran, its oil industry is continuing to do brisk trade with a number of countries, including the BRICS.
According to Iranian oil industry sources in Tehran, overall bilateral trade with BRICS countries reached 53.78 million tons.
While this is a decline of just over 8 per cent year on year, its value is up 7.4 per cent due to higher oil prices.

Iran’s President Hassan Rouhani (left) has told India’s Prime Minister Narendra Modi that the two countries are strategic partners [Image: BRICS2015]
India and Iran have just completed a round of negotiations which saw the two countries boost their economic ties despite Washington’s pressure on Tehran.
Iranian President Hassan Rouhani was in New Delhi this weekend to meet with Indian Prime Minister Narendra Modi to sign nine new trade agreements.
The agreements include the development of the strategic port of Chabahar in Iran.

By M K Bhadrakumar | Indian Punchline | November 8, 2017 The two-day visit by Pakistani army chief General Qamar Javed Bajwa to Tehran (November 6-7) must be noted as a significant event. Bajwa was received by President Hassan Rouhani, Foreign Minister Mohammad Javad Zarif and Defence Minister General Amir Hatami, apart from top military […]

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By M K Bhadrakumar | Indian Punchline | November 2, 2017 Only Tehran could have punctured US President Donald Trump’s massive ego with just a delicate deflection by the wrist. It all began in the weekend with an innocuous media disclosure in Iran that Trump had sought a meeting with President Hassan Rouhani during the […]