Tag Archives: India

TAPI is an important linchpin in the realization of the New Silk Road in the arena of energy.

Oilfield services providers would be expected to invest in the fields in exchange for payment for every barrel of oil or Btu produced over an established baseline. the report added.

ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.

The Indian subcontinent is set to become ever more thirsty for LNG.

In 2013. Vankorneft was chosen as an operator on development of new fields of Vankor Cluster located close to the Vankor field.

The slide in oil prices continues as markets remain sceptical of OPEC´s ability to balance supplies.

India’s biggest gas importer Petronet LNG annually buys 8.5mn tonnes under a long-term contract.

New Delhi is keen that the gas from the field comes to India to feed the vast energy needs.

Ireda plans to issue 13.9 million shares. priced at 10 rupees each. but the government has not yet specified a date for when the IPO will be launched.

Farzad B was discovered by OVL in the Farsi block about 10 years ago.