Iran has offered to help India meet its energy needs by relaunching rupee-rial trade for export of oil and gas, said Iranian ambassador to India Ali Chegeni.
Chegeni said if both the countries resume rupee-rial trade, bilateral trade can touch USD 30 billion.
Iran used to be India’s second largest oil supplier but New Delhi had to halt imports after the former US president Donald Trump withdrew from the nuclear deal with Iran and re-imposed sanctions on its oil exports.
“Iran is ready to meet India’s energy security needs by launching rupee-rial trade for export of oil and gas,” Chegeni was quoted as saying in a statement issued by the MVIRDC World Trade Center, here over the weekend.
