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India loses Farzad-B gas field in Iran  The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable. It also holds gas condensates of about 5,000 barrels per billion cubic feet of gas. Share Via Email   |  A+A A- By PTI NEW DELHI: 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 ...

India loses ONGC Videsh discovered Farzad-B gas field in Iran SECTIONS Last Updated: May 17, 2021, 04:42 PM IST Share Synopsis 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. OVL and its partners had offered to invest up to USD 11 billion for the development of the discovery, which was later named Farzad-B. Agencies The Indian consortium has so far invested around...

Iran has signed a $1.78 billion contract with Petropars Group to develop the country's Farzad B gas field, Oil Ministry website SHANA said on Monday…

India loses ONGC-discovered Iranian gas field to local firm The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable. It also holds gas condensates of about 5,000 barrels per billion cubic feet of gas PTI | May 17, 2021 | Updated 19:20 IST The 3,500 square kilometer Farsi block sits in a water depth of 20-90 metres on the Iranian side of the Persian Gulf India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf ...

Bharti Airtel posts Rs 759 cr profit Telecom operator Bharti Airtel on Monday reported a consolidated net profit of Rs 759 crore for the January-March quarter of 2020-21 financial year. The company had posted a loss of Rs 5,237 crore in the same period a year ago. Read more India loses ONGC-discovered Farzad-B gas field in Iran 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...

Iran to develop Farzad B gas field domestically, dumps India Updated: Updated: India’s OVL had discovered the gas field in 2000 Share Article AAA Stumbling block: India had accused Iran of adopting delay tactics on Farzad-B gas field contract. Photo shows an oil field on Kharg Island off the coast of Iran.   | Photo Credit: Getty Images India’s OVL had discovered the gas field in 2000 Iran on Monday gave the Farzad B gas field to Petropars, a domestic gas producer. This is a setback for...