Iranian Minister of Petroleum Bijan Zangeneh said Iran is prepared to increase its oil exports to Indian refineries with support from the Indian government after removal of sanctions on Iran.
“I am sure, this meeting will facilitate and enhance economic relations between the two countries, especially in energy sector,” said the Iranian official.
“Besides expanding trade ties in oil and gas sector with India, Iran is interested in attracting investments from Indian companies.”
Regarding development of Farzad B gas field, Zangeneh said he was optimistic that a date will be designated for finalization of the talks between Iran and Indian developers of the field.
Furthermore, Iranian ministry of petroleum is prepared to supply natural gas to any other energy-consuming projects that Indian firms finance in Iran.