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19 May 2021 (Last Updated May 19th, 2021 10:45) NIOC awards $1.78bn contract to Petropars to develop the Farzad B gas field in the Persian Gulf. Share Article Farzad B gas field is located in the Farsi bloc on the border between Iran and Saudi Arabia. Credit: National Iranian Oil Company (NIOC). Iran’s Petropars Group has secured a $1.78bn contract to develop the Farzad B gas field in the Persian Gulf. Pars Oil and Gas Company, on behalf of the National Iranian Oil Company (NIOC), awarded the contract to Petropars. Through this contract, the o...

Iran wanted to involve India at later stage in development of Farzad-B gas field: MEA ANI | Updated: May 20, 2021 22:58 IST New Delhi [India], May 20 (ANI): Ministry of External Affairs (MEA) spokesperson Arindam Bagchi on Thursday said that Iran wanted to involve India at a later stage in the Oil and Natural Gas Corporation (ONGC) Videsh-discovered Farzad-B gas field in the Persian Gulf. "Iran had decided to develop the Farzad B gas field on its own and wanted to involve India at a later stage," MEA spokesperson Arindam Bagchi said at his weekly media br...

Updated: Tehran announced that it will develop the gas field domestically Share Article AAA Iran has announced that it will develop the Farzad B gas field domestically and signed a deal with Petropars. Image used for representation purpose.   | Photo Credit: REUTERS Tehran announced that it will develop the gas field domestically The Ministry of External Affairs on Thursday said there is a possibility of India becoming a part of the projects unfolding in the Farzad B gas field in Iran at a later stage. The statement from MEA’s official spokesperson Arindam Bagchi came days after Iran an...

Iran wanted India's involvement at a later stage, says MEA on Farzad-B project

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 after Iran awarded a contract for developing the giant gas field to a local company. "The National Ir...