Iranians Foreign Minister Mohammad Javad Zarif arrives on a two-day visit to India today, hold talks with Sushma Swaraj.
US had told India and other countries to cut oil imports from the Gulf nation to “zero” by November 4 or face sanctions. However, Washington had granted a six-month waiver from sanctions to eight countries, including India.
India, is the second biggest purchaser of Iranian oil after China, had agreed to restrict its monthly purchase to 1.25 million tonne or 15 million tonne in a year (300,000 barrels per day), down from 22.6 million tonne (452,000 barrels per day) bought in the 2017-18 financial year.
Iran is its third largest supplier after Iraq and Saudi Arabia and meets about 10 per cent of its total needs.
Sources said the Chabahar port project is also likely to figure in the meeting between Mr Zarif and Ms Swaraj.