Iran Looks At Regional Cooperation Opportunities

Iran is looking for ways to strengthen ties with its main regional partner - Oman - while holding talks with India for a $15.2 billion investment package, whose faith also depends on gas prices. 

Teheran said it plans to explore for unconventional resources in the Sea of Oman. 

On Tuesday, Iranian President Hassan Rouhani held a telephone conversation with Sultan Qaboos bin Said of Oman.

“In the post-sanctions era, the Islamic Republic of Iran is eager to consolidate ties with Oman in various fields, especially trade and commerce” Rouhani said.  

The two countries are already actively working in the energy sector. 

Recently, they signed a deal to carry out land survey to determine the route for a new pipeline between the two countries. The cost of the project was estimated at about $1 billion.

Teheran is also looking at ways to increase regional cooperation with Pakistan and India.

According to Shipping Minister Nitin Gadkari, India is ready to pour more than $15.2 billion for infrastructural projects in Iran if Tehran offers better terms including cheaper gas, Reuters reported on Wednesday.

"We are ready to make a huge investment in Iran and this is mainly linked to gas pricing offered by Iran ... Gas price is a crucial issue," Gadkari told a news conference.