India finds a $40b friend on Iran

According to a report in Asia Times, has made a deal to buy natural gas and develop oil fields in , which may influence relations between New Delhi and Beijing: “The deal puts rivals India and China in partnership in Tehran, and turns the focus back on a proposed Iran-Pakistan-India pipeline. In signs of more strategic realignments, India has confirmed that it is in talks with Russia to invest in a Yukos unit, where it may again end up partnering with China.”

The full report is here.

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