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Gas Field Development, Oil Debt on Modi’s Agenda Before Iran Visit

Modi will engage with Iranian top leadershipduring his visit, to boost bilateral trade, energy and strategic ties.

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Keen on deeper engagement with the sanction-free Iran, Prime Minister Narendra Modi will arrive in Tehran on Sunday on a maiden two-day long visit to Iran.

During the course of the visit a contract for developing first phase of strategic Chabahar port will be signed and discussion on gas field development will also be taken forward. Modi will engage with Iranian top leadership, including Supreme Leader Ayatollah Ali Khamenei, to boost bilateral trade, energy and strategic ties.

Upon his arrival, he will head straight to a local gurudwara where he is scheduled to address people of Indian origin.

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He will hold bilateral talks with President Hassan Rouhani after a ceremonial welcome on Monday morning, which will focus on regional connectivity, infrastructure and energy as well as terrorism and extremism in the region.

Discussions would feature mode of clearance of the $6.4 billion Indian refiners like Essar Oil and MRPL owe to Iran in past oil dues. Ahead of the visit, refiners have cleared $1.2 billion.

There will be signing of two contracts – one by Indian Ports Global Pvt, a joint venture between the Jawaharlal Nehru Port Trust and the Kandla Port Trust, with Arya Bandar Company of Iran for developing two terminals and five multi-cargo berth in Phase-1 of the Chabahar port project.

(With inputs from PTI.)

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