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India confident of oil and Gas from new Iranian regime
The new Iranian regime does not alter India's view on Iranian gas and oil. Iran's new Government, according to Indian sources will not alter the Gas deal signed recently.
According to media sources, India said the change in regime in Iran would have no impact on its plans to import natural gas or affect the development of oil fields in the Persian Gulf nation.
"We do not see the change in regime having negative impact," Petroleum Minister Mani Shankar Aiyar said here.
The victory of Mahmoud Ahmadinejad in last week's presidential election had sparked off speculation that the hardliner may not be well disposed to exporting natural gas to countries like India, and would rather use the gas to pump out more oil from the ageing fields.
Aiyar said India will engage with the new regime and talks were progressing as scheduled.
India, which earlier this month signed a US$22 billion deal with Iran to import 5 million tonnes of liquefied natural gas (LNG) for 25 years beginning 2009, is negotiating to increase the LNG quantities by 2.5 million tonnes and separately import gas through a 2600-km pipeline running through Pakistan.
A technical delegation from Iran led by National Iranian Gas Export Co managing director R Javadi last week held talks with New Delhi on the proposed US$4.16 billion pipeline.
The team will visit Pakistan on July 4 and return back to New Delhi on July 9-10 for further talks on the BHP Billiton's (ASX:BHP) feasibility report on the pipeline.
A Pakistani team will visit India on July 11, Aiyar said.
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