Farzad-B gas field

Haven't heard from Iran on $11 billion offer for gas field: OVL

Iran, India's third biggest oil supplier, used to give a 90-day credit period to refiners like Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) to pay for the oil they would buy from it.

Oct 09, 2017, 15:45 PM IST

ONGC Videsh close to winning $5-bn Farzab-B gas field rights

ONGC Videsh Ltd-led consortium is close to winning USD 5 billion rights to develop Iran's Farzad-B gas field and convert the gas produced from it into LNG for shipping to countries like India.

Dec 07, 2015, 17:45 PM IST

ONGC Videsh submits $10 bn proposal to Iran for Farzad-B gas field

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has submitted a USD 10 billion integrated proposal to Iran for developing the Farzad-B gas field in the Persian Gulf and shipping the gas to India.

Sep 15, 2015, 19:41 PM IST

Iran acting tough on ONGC over development of gas field

Indian firms have so far shied away from investing in Iran for the fear of being sanctioned by the US and Europe.

May 11, 2015, 18:04 PM IST