Iran Ready for Economic Ties with India, Petroleum Minister Says

Iran is prepared to deepen economic ties with India, according to Mohsen Paknejad, Iran's Minister of Petroleum. Arriving in New Delhi for energy cooperation meetings among BRICS member states, Paknejad highlighted the long-standing historical relationship between the two nations.

"We are now ready for all the relations we can have in economic fields with India, especially in India," Paknejad stated. He indicated that further comments would follow discussions within the BRICS energy ministers' session and bilateral meetings. The minister also addressed the current sanctions regime, noting Iran has a 60-day waiver based on previous agreements with the United States.

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As you know, we have had historical relations between Iran and India for a long time, for centuries, as you know. And at the time being, I'm here for taking part in this session, BRICS, Energy Ministers for the members of BRICS. And I will see what we talk about in these sessions, bilateral sessions and totally in the conference. And we are now ready for all the relations we can have in economic fields with India, especially in India.

The agenda for Paknejad's visit includes talks with Indian officials and representatives from the country's energy sector. Key discussion points are expected to cover expanding bilateral cooperation in the oil and gas sector, exploring potential investment opportunities, and exchanging views on the latest developments in the global energy market.

Earlier, Ghadir Nezamipour, Deputy Secretary of Iran's Supreme National Security Council, met with Indian Prime Minister Narendra Modi. This meeting followed the conclusion of the BRICS Meeting of Heads of Security Agencies and National Security Advisers in New Delhi.

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After that I can comment to you about in this regard and the issues that we have talked about. And about the sanctions as you know we have a kind of waiver for 60 days and we are going on based on some issues that we have had agreed with Americans in this regard about the sanctions.