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FARZAD B BLOCK
Iran offers Indian firms 30 pc stake in gas fieldIn April 2011, it submitted a master development plan (MDP) to bring the discovery, which was named Farzad-B, for production but negotiatio...- India has right to 30% stake in Iranian gas field even after contract to local firmIn February, 2020, National Iranian Oil Company (NIOC) informed Indians about its intention to conclude the contract for Farzad-B developme...
- India loses ONGC Videsh discovered Farzad-B gas field in IranONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had in 2008 discovered a giant gas field...
- India set to lose Farzad-B gas field; Iran to prefer domestic companies over foreign firmsAfter sitting over OVL's proposal for years, the National Iranian Oil Co (NIOC) informed the firm in February this year about its intention...
- Iran agreed to buy OVL gas but US sanctions stalled talksAny company investing in the Iranian oil field will attract US sanctions, crippling its ability to access the international financial syste...
- Iran agrees to take all of OVL's Farzad-B gasIran previously conditioned granting rights to develop the Farzad-B fields to OVL on Indian firms buying all of the gas produced at the imp...
- OVL to bid for Iran's South Azadegan oilfield, rework Farzad-B costOVL is one of the 34 companies Iran pre-qualified last year for development of South Azadegan field, which contains an estimated 33 billion...
- Indian oil companies to explore Israeli block for first timeIsrael, with its major gas reserves, has emerged as a greener pasture for the Indian oil companies as Iran plays truant on Farzad-B gas fie...
- Iran wants India to pay more than triple the price of gas for awarding block to ONGC VideshIran wants India to buy all of the natural gas to be produced from the Persian Gulf block at a price equivalent to the rate Qatar charges f...
- ONGC Videsh revises proposal for Iran’s Farzad gas blockAn OVL-led consortium had already submitted a $3 bn development plan to Iran to develop an offshore field in Farzad B, which holds 12.5 tn ...
- As no deal with Iran yet, ONGC may lose gas field to Saudi ArabiaForeign firms are to be paid a fee per barrel and they will also be entitled to an increase in profits in the face of dramatic oil price fl...
- ONGC Videsh close to winning $5-billion Farzab-B gas field rightsThe gas produced from the field will be converted into liquefied natural gas (LNG) for export to consuming nations like India.
- New Delhi to seek revival of Iran-Pak-India gas pipelineIndia is set to push for the proposed $7-billion gas pipeline from Iran via Pakistan, seeking to grab the opportunity presented by the nucl...
- India to seek rights for developing Iranian gas fieldIndia will ask Tehran for rights to develop ONGC-discovered Farzad-B gas field in the Persian Gulf even as it prepares to pay $ 6.5 billion...
- Iran acting tough on ONGC over development of gas fieldAnticipating easing of Western sanctions against it, Iran is acting tough over giving state- owned ONGC the rights to develop the Farzad-B ...
- India pitches for rights to Iranian gas fieldWith easing of Western sanctions against Iran in sight, India has made a renewed pitch to get rights to develop ONGC-discovered Farzad-B ga...
- Iran puts ONGC discovered gas field on auction listONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, had in 2008 discovered the Farzad-B gas field in its Farsi explo...
- Government mulls new firm for developing Iran oilfieldsThe broad contours suggest the company would be "fully owned by the government", and would be administered by the oil ministry.
- ONGC Videsh looks for higher returns from Iranian projectONGC Videsh Ltd wants Iran to pay a higher return on the $ 5-6 billion it plans to invest in developing Persian Gulf gas field of Farzad-B.
- Iran sanctions could put ONGC Videsh plans on the backburnerThe ongoing sanctions imposed by the US and some European countries against Iran due to its nuclear programme may put some of the ONGC Vide...
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