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'India has right to 30% stake in Iranian gas field even after contract to local firm'

An Indian consortium led by ONGC Videsh Ltd contractually has a right to take a 30 per cent interest in the Farzad-B gas field development in the Persian Gulf even after the Iranian decision to award rights of the giant field to a local firm, top officials said. In February 2020, the National Iranian Oil Company (NIOC) informed Indians about its intention to conclude the
United Kingdom Exploration Service Contract A Development Service Contract Iran Petroleum Contract Oil India Ltd Master Development Plan

India loses ONGC-discovered Farzad-B gas field in Iran

India loses ONGC-discovered Farzad-B gas field in Iran Top Searches India loses ONGC-discovered Farzad-B gas field in Iran PTI / Updated: May 17, 2021, 16:06 IST FacebookTwitterLinkedinEMail ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had in 2008 discovered a giant gas field in the Farsi offshore exploration block. (Representative image) NEW DELHI: India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf af...
Bijan Zangeneh Exploration Service Contract A Development Service Contract Iran Petroleum Contract Oil India Master Development Plan

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