Iranian Minister of Petroleum Bijan Zangeneh said Iran and India are discussing setting up banking channels which will allow the Central Bank of Iran to access $6bn of India's oil debts to Iran.
After negotiation with their Iranian counterparts, the Indian Oil & Gas Minister, accompanied by representatives of 25 Indian companies, came to Tehran Chamber of Commerce, Industries, Mines & Agriculture (TCCIMA), and talked with leaders from Iran's private sector.
Iranian Minister of Petroleum Bijan Zangeneh says Tehran is interested to joint refinery projects in India in a bid to ensure sale of its crude oil in the Indian market.
The pipeline set up to take Iran's natural gas to the neighboring country Iraq is ready for operation, says managing director of the Iranian Gas Transmission Company.
Iranian Oil Minister Bijan Zangeneh said that Saudi Arabia is not in a position to impose an embargo on oil tankers buying Iranian crude oil.
Iran and India have signed an agreement to boost oil and energy cooperation.
Head of the Atomic Energy Organization of Iran Ali Akbar Salehi unveiled plans for the extraction of rare earth elements in the country as by-products of uranium mining process.
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.
The contract for exporting two million tons of gas oil to Iraq will soon be inked to turn the neighboring country into largest buyer of the Iranian oil product.
Iran says it expects to finalize talks with the French energy giant Total over the development of a major petrochemical project in the near future.