India will continue to purchase Iranian crude oil, despite the sanctions from the United States. According to a report from Reuters, the announcement was made by Iranian foreign minister Mohammad Javad Zarif shortly after meeting with Indian diplomat Sushma Swaraj.
“Our Indian friends have always been categorical in terms of their intention to continue economic cooperation and (the) import of oil from Iran. And I heard the same statement from my Indian counterpart,” Zarif told reporters in New York, where diplomats from across the globe are currently meeting for the United Nation General Assembly. “We have comprehensive cooperation with India and that comprehensive cooperation also includes energy cooperation because Iran has always been a reliable source of energy for India.”
The Iranians are counting on support from New Delhi, as India is Iran’s second largest importer of oil. Iran has sweetened the deal by shipping the oil to India nearly at cost. Currently, Iran is India’s third-largest provider of crude oil.
The two countries are linked by more than just cooperation of energy deals, however. According to Business Standard, India recently backed the construction and operation of a large port complex in Chabahar. The port is a crucial component of an ambitious plan by both nations to increase trade into Afghanistan.