Iranian Oil Minister Bijan Zangeneh underlined that Tehran and New Delhi are negotiating to boost cooperation in the field of development of Farzad B gas field.
`Talks with Indian developers are still underway for development of Farzad B gas field.` Zangeneh said.
Zangeneh reiterated that the Iranian oil ministry is holding talks with India`s ONGC Videsh Ltd over development of Farzad B gas field.
`To prevent losing time. we are holding parallel talks with Russia`s Gazprom company over the project.` the Iranian oil minister said. adding Iran has also started studies over the field and may consider an alternative method for its development.
Farzad B was discovered by OVL in the Farsi block about 10 years ago. The project has so far cost the OVL-led consortium. which also includes Oil India Ltd and Indian Oil Corp (IOC). over USD 80 million.
Tags Asia Bijan Namdar Zangeneh Cooperation Development Event Fars News Agency Gas Field Gazprom India International International Companies International Organizations Internet Site Iran Iranian News Agency Minister Oil and Natural Gas Corporation Limited (ONGC) Oil Minister ONGC Videsh Ltd. (OVL) SHANA
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