IRANIAN - INDIAN COOPERATION
India said Monday it will invest up to $500 million in a deal to develop a strategic port in Iran and both countries planned a number of projects they say are worth hundreds of millions of dollars.
The deal and plans were announced during a visit by Indian Prime Minister Narendra Modi, the first such trip in more than a decade.
In a ceremony marking the agreements, Modi said the bilateral agreement to develop Chabahar, in southern Iran, and the "availability of about $500 million from India for this purpose is an important milestone," in relations between the two countries.
The development of the port of Chabahar expands a trade route for the land-locked countries of central Asia that bypasses Pakistan.
Modi also described cooperation in the oil and gas industries as key components of economic cooperation between Tehran and Delhi.
President Hassan Rouhani said working on the port can be a "great symbol" of cooperation between Iran and India. He said Iran's energy resources and Indian mines can pave ground for cooperation in the aluminum, steel and petrochemical industries.
The two leaders will discuss the port project later with visiting Afghan President Ashraf Ghani.
Modi will also meet Iran's Supreme Leader Ayatollah Ali Khamenei.
The two countries also signed a number of agreements to enhance technological, petrochemical and banking cooperation.
India also began paying back $6 billion in debt from past oil purchases, last week giving Iran $750 million. It has said it will pay back the remainder of the debt.
In 2012, Iran was India's second-largest crude supplier but oil exports subsequently fell due to international sanctions over Iran's disputed nuclear program.
Tehran has been seeking to reintegrate into the global economic system following a landmark deal with world powers that lifted sanctions in return for limiting its nuclear program.
|November, 14, 12:25:00|
|November, 14, 12:15:00|
|November, 14, 12:10:00|
|November, 14, 12:05:00|
|November, 14, 12:00:00|
|November, 14, 11:55:00|
WNN - The search for solutions to climate change must include discussion of nuclear power, Scott Foster, director of the Sustainable Energy Division of UNECE, told
WNN - in 2017 the average total generating cost - which includes capital, fuel and operating costs - for nuclear energy was USD33.50 per megawatt-hour (MWh).
LUKOIL - For the first nine months of 2018 LUKOIL Group's average hydrocarbon production excluding West Qurna-2 project was 2,301 thousand boe per day, which is 3.7% higher year-on-year.
GE - Baker Hughes, a GE company and General Electric Company Announce a Series of Long-Term Agreements to Maximize Value for Both BHGE and GE