Iran may urge India to restart oil import
- Iran will nudge India towards reviving its procurement of discounted Iranian sweet crude during a meeting between Prime Minister and Iranian President likely to take place on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Samarkand.
Highlights
- Talks on India’s oil purchases from Iran has been revived four years since India decided to “zero out” or cancel its oil imports from Iran under the threat of U.S. sanctions.
- The two leaders are also likely to discuss the next steps in developing Chabahar port’s Shahid Beheshti terminal run by India, and the possibility of linking it to the International North South Transport Corridor.
- Chabahar port is now not a stand-alone initiative, it has become a focal point in the entire INSTC framework. And once that happens, all the partner-countries will benefit a lot.
Prelims Take Away
- SCO
- Location Based Questions
- INSTC
- Chabahar Port
- Shahid Beheshti terminal