Foreign Policy Watch: India-Iran

How India gains from the Iran N-deal?op-ed snap


  1. The deal could have significant effects on India’s energy needs, as it will allow imports of oil and natural gas from Iran.
  2. Analysts point that oil prices would drop further as a permanent agreement would be reached with Iran, as Iran would then increase its oil production.
  3. A fall in global oil prices would be good news for India. Why?

A $1/barrel fall in international crude oil prices is likely to reduce India’s net import bill by $0.9 billion a year.


 

What else?

  • The Farzad-B gas field project – Discovered by OVL in 2008, might receive a fillip because India could not pursue the project aggressively until now, due to US sanctions against Iran.
  • Gas Pipeline – Between India and Iran.
  • Chabahar Port Route – The peace agreement will lead Indian govt. to push for completion of Chabahar port route to Afghanistan, a gateway to Central Asia.
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