The visit will provide thrust to expand bilateral cooperation
The United States on Friday exempted some countries, including India and China, from the tough Iranian sanctions act as they continue to reduce their dependence on Iranian oil.
Incumbent Hassan Rouhani faces stiff competition from hardline cleric Raisi.
India owes Iran around $8.8 billion primarily on account of crude oil imports.
India, the world's third biggest oil consumer, meets more than 80 per cent of its oil needs through imports.
India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. "The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with Petropars Group for the development of Farzad B Gas Field in the Persian Gulf," the Iranian oil ministry's official news service Shana reported. "The deal was signed on Monday, May 17, in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh in Tehran." The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable.
Iran has said its nuclear program is for peaceful purposes, but the United States accuses it of seeking to develop atomic weapons.
The US president said new sanctions would be imposed, adding 'America will not be held hostage to nuclear blackmail'.
'Trump will absolutely back New Delhi on its position that Pakistan must do more to crack down on terrorists that threaten India.'
In a late-night tweet in capital letters, he said Iran must 'never, ever threaten the United States again'.
India Wednesday described as unjustified the imposition of sanctions by the United States on two Indian firms for transfer of some chemicals to Iran and asserted that such transfer did not violate international obligations or regulations.
The deal involves Iran accepting curbs on its nuclear programme in return for sanctions relief, but many of the critical, politically-charged details are still awaited.
The United States has slapped sanctions on Iran's ministry of intelligence and security for its alleged support to terrorism, participation in the ongoing repression in Syria and human rights violations against its own people.
The United States on Thursday slapped sanctions against four Iranian nuclear supply companies and one individual for procuring and attempting to procure goods for Iran's nuclear programme.
Geo-political reasons are to be blamed for spike in global oil prices, he says.
Trump called on Iran to "work together" to eliminate the Islamic State, saying the killing of ISIS chief Abu Bakr al-Baghdadi was "good" for Iran.
Her remarks assume significance as they come after the US told India and other countries to cut oil imports from Iran to "zero" by November 4 or face sanctions, making it clear that there would be no waivers to anyone.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
India on Wednesday termed as unjustified the American decision to impose sanctions on its two firms for supplying some chemicals to Iran, asserting that the transfer did not violate Indian regulations or its international obligations.
Besides IOC, ONGC Videsh Ltd has also sought two discovered fields from the 16 fields that Iran is likely to put on auction shortly
Officials from India's biggest private refiner recently visited Iran to chalk out the details for resumption of trade ties with Tehran.
Iran is preparing for a trade and investment boom that could reshape the region after agreeing with world powers to curb its nuclear programme, paving the way for sanctions that have stifled its economy to be lifted.
After 20 months of hectic negotiations, Iran and six major powers have reached a historic deal to limit Teheran's nuclear programme in return for lifting of sanctions. Let's understand closely what the deal is all about.
Even as the United Nations Security Council voted to impose new and punitive sanctions against Iran for its alleged clandestine nuclear weapons program, the United States and India have apparently reached a modus vivendi vis--vis each other's concerns regarding Iran.
Britain is pulling out all its diplomats from Iran, a day after its embassy in the country was stormed by protesters who ransacked the compound, evoking outrage worldwide.
India pays 55% of the value of oil its imports from Iran in euro payments through Turkey's Turkiye Halk Bankasi.
To facilitate wheat exports of up to 1.5 million tonnes to Iran, discussions are on with Tehran with regard to lifting the 16-year old ban on the Indian grain, a government official said.
Two projects in Iran, which India is to execute involving major financial commitments on its part, are of particular significance for Indian steel.
Turkey's state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month, a senior Halkbank official said on Wednesday
India, China and other countries that have been cutting their oil imports from Iran have reached a point where it is "very very difficult" to reduce any further without seriously impacting their economies, US Secretary of State John Kerry has told lawmakers.
Rawat said India was looking forward to procuring Kamov helicopters and other weapon systems and technology from Russia.
India on Tuesday sought to downplay the United States's decision of exempting it from economic sanctions for cutting the oil imports from Iran, saying it was a "decision taken by the Obama Administration under its domestic law."
India on Tuesday sought to downplay the United States decision of exempting it from economic sanctions for cutting the oil imports from Iran, saying it was a "decision taken by the Obama Administration under its domestic law."
Asserting that it will continue to engage Iran in bilateral economic activities, India on Thursday said any issue that Iran has with other parts of the world should not impede "legitimate economic interaction" of the two countries.
One of the major advantages of buying Iran crude is the additional credit period of 90 days that the country gives to India, compared to 30 days by other countries.
Pakistan on Thursday expressed hope that the agreement between Iran and Western powers on Tehran's nuclear programme would pave the way for faster implementation of an ambitious bilateral gas pipeline project.
Teheran bargains on OilMin plan for more rupee payment via increased import; wants investment deal on gas block.
At scaling back Tehran's nuclear programme and relieving the Islamic Republic from the sanctions
The delegation led by Qasemi arrived on Sunday with the aim of persuading New Delhi to step up both oil imports and investment in the OPEC-member's oil and gas sector.
