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Months after starting Chabahar rail project without India, Iran seeks help
Why is it in news?
- Iran has requested equipment from India for Chabhar Rail project.
Details:
- India is not a part of the Chabahar-Zahedan railway at present, but as Iran begins the second phase of the 628-km project, Tehran hopes New Delhi will help it procure equipment to run the rail line from the Chabahar port to the Afghan border.
- It has difficulty in procuring them directly due to the U.S.-imposed sanctions.
- Iran has also asked to activate a $150 million credit line that had been offered by India during Iranian President Rouhani’s visit to Delhi in 2018 to pay for the purchases.
- Gas field development: Delays due to sanctions have also taken a toll on the Indian interest in developing the Farzad-B gas field, where ONGC Videsh made a discovery in 2008.