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Iran to supply India with 5mn tons of LNG, 100,000 bpd of oil

Iran will provide India with five million ton of liquefied natural gas and 100,000 barrels of crude oil per day for a year on the basis of two separate contracts signed in Tehran on Tuesday, IRNA reported.

The agreements were signed by Deputy Oil Minister Hadi Nejad Hosseinian and his Indian counterpart M.S. Srinivasan and the first deputy Managing Director of National Iranian Oil Company Hojjatollah Ghanimifard and his Indian counterpart.

The agreements also call for joint cooperation, exchange of experience in the field of compressed natural gas (CNG) production and reconstruction of refineries.

Oil Minister Bijan Namdar Zanganeh and his Indian counterpart Ram Naik were present at the signing ceremony.

Naik rejected claims that his country was forced by the US not to sign any accord with Iran in the oil and gas sectors.

... Payvand News - 5/13/03 ... --

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