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...

After sitting over OVL's proposal for years, the National Iranian Oil Co (NIOC) informed the firm in February this year about its intention...

Any company investing in the Iranian oil field will attract US sanctions, crippling its ability to access the international financial syste...

Iran 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 is one of the 34 companies Iran pre-qualified last year for development of South Azadegan field, which contains an estimated 33 billion...

Iran has made light of India’s threat to import less crude oil from it, with its Parliament Energy Commission chief saying Iran could find ...

Iran's oil minister Bijan Zanganeh recently told Argus, the top global energy market information provider, that Farzad-B field was among th...

Foreign 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...

Pradhan will also discuss projects including petrochemical and fertiliser plants in the special economic zone at Chabahar port, authoritati...

Oil Minister Dharmendra Pradhan will visit Tehran on April 9-10 hoping to expand energy cooperation including ONGC participation in Farzad-...

The gas produced from the field will be converted into liquefied natural gas (LNG) for export to consuming nations like India.

India is set to push for the proposed $7-billion gas pipeline from Iran via Pakistan, seeking to grab the opportunity presented by the nucl...

Anticipating easing of Western sanctions against it, Iran is acting tough over giving state- owned ONGC the rights to develop the Farzad-B ...

With easing of Western sanctions against Iran in sight, India has made a renewed pitch to get rights to develop ONGC-discovered Farzad-B ga...

ONGC 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...

ONGC 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.

The ongoing sanctions imposed by the US and some European countries against Iran due to its nuclear programme may put some of the ONGC Vide...