India, Iran relationship seems to have run into rough weather with Tehran slamming New Delhi for not fulfilling its promise of making investments in expansion of the strategically located Chabahar port. Iran has also warned that India will lose “special privileges” if the country cuts import of oil from it under pressure from the US.
“It is unfortunate that Indian investment promises for expansion of Chabahar port and its connectivity projects have not been accomplished so far. It is expected that India takes immediate necessary measures in this regard if its cooperation and engagement in Chabahar port is of strategic nature,” Iran’s Deputy Ambassador and Charge d’Affaires Massoud Rezvanian Rahaghi said.
Speaking at a seminar in New Delhi, Rahaghi added that Iran will end the privileges being provided to India if tries to source oil from countries like Saudi Arabia, Russia, Iraq, the US and others to offset cuts in Iranian oil.
Referring to US sanctions on oil import from Iran, Rahaghi said his country has been a reliable energy partner for India and that Iran always follows a “rationale pricing” of oil which ensures the interest of both consumers and suppliers.
“If India were to replace Iran with countries like Saudi Arabia, Russia, Iraq, the US and others for the 10 per cent of its oil demand then it may have to revert to dollar-denominated imports which mean higher CAD (Current Account Deficit) and deprivation of all other privileges Iran has offered to India,” Rahaghi said.