Hopes for long-pending gas pipelines revive

The landmark nuclear deal will lead to an increase in oil exports from the West Asian nation to India, and may revive the long-pending gas pipeline projects involving the two countries, industry body Ficci said today. 

"We will, in time, see an increase in exports of Iranian crude oil to India and the world and India-Iran trade scaling newer heights. This nuclear agreement also has the potential to revive the long-pending gas pipeline projects from Iran to India," Ficci President Jyotsna Suri said. 

"We hope Iran is able to expedite the recovery of its crude export capacity following the easing of sanctions and continue its valuable contribution to the fulfilment of India's energy needs," Suri added further. 

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