Many Indian states eased coronavirus restrictions on Monday including the capital Delhi, where authorities allowed all shops and malls to open, as the number of new infections dropped to the lowest in more than two months.
The expected revival of the nuclear deal between Iran and the Western powers is set to yield unexpected opportunities for India, including access to the Iranian port of Jask as base for strategic oil reserves and a new “land-and-sea” gas pipeline.
India on Saturday recorded 1,73,790 fresh COVID-19 cases, taking the cumulative tally past 27.7 million, as the country recorded less than 200,000 cases for the third time in this month, according to the Health Ministry.
Japanese refiners could resume oil imports from Iran as early as three months after confirming Iranian sanctions are being lifted, Petroleum Association of Japan President Tsutomu Sugimori said on Thursday.
India’s official tally of daily infections of coronavirus in 24 hours fell to the lowest in nearly six weeks, offering hope that a devastating second wave is ebbing, but government leaders said shortages of vaccines were a big concern.
India is still hopeful it can participate in the Farzad B natural gas field development in the Persian Gulf after Iran decided to go ahead with the project without foreign participation, officials told S&P Global Platts on Sunday.
India on Wednesday reported more coronavirus deaths in a single day than any other country at any time during the pandemic, while infections continued to spread through vast rural areas with weak health systems.
Indian refiners, anticipating a lifting of US sanctions, plan to make space for the resumption of Iranian imports by reducing spot crude oil purchases in the second half of the year, company officials told Reuters.