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India seeks to develop Iranian gas field in Persian Gulf

22 March 2016 10:39


India reportedly seeks to reach an agreement with Iran on the development of a major gas field in the Persian Gulf.

Indian media said Monday that New Delhi and Tehran may seal a deal on the development of the Farzad-B natural gas field in the Persian Gulf during a planned visit by the Indian oil minister to the Iranian capital next month.

According to Financial Express, India’s Petroleum Minister Dharmendra Pradhan would visit Iran on April 6-7 with the intention of signing a “definitive agreement” for the project.

The online business daily added that an Indian consortium led by ONGC Videsh (OVL) may develop the project if an agreement is reached.

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