#Farzad-B gas field

[digimakacademy]

भारत ने खोजा, ONGC ने 3000 करोड़ खर्च किए, अब हाथ से निकलने वाली है ईरान की गैस परियोजना

भारत ने खोजा, ONGC ने 3000 करोड़ खर्च किए, अब हाथ से निकलने वाली है ईरान की गैस परियोजना

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नई दिल्ली भारत ईरान में एक ब���़े खनिज गैस क्षेत्र के विकास और गैस-निकासी की लंबे से समय से अटकी परियोजना से महरूम होने जा रहा है। गैस क्षेत्र की खोज एक भारतीय कंपनी ने ही की थी। सूत्रों ने यह जानकारी दी। सूत्रों के मुताबिक, ईरान ने फारस की खाड़ी की फरजाद-बी परियोजना का काम अपनी घरेलू कंपनियों को देने का फैसला किया है। ईरान इस समय सख्त अमेरिकी आर्थिक प्रतिबंधों से जूझ रहा है। 2008 में OVL ने…

[newsfind]

After Chabahar Rail Project, Iran May Deny Gas Field Rights to Indian Oil-Gas Exploration Company India 15:01 GMT 16.07.2020Get short URL New Delhi (Sputnik): Iran broke a 2016 deal with India for building the 628-kilometre Chabahar-Zahedan rail project last week, citing delays.

[surya-kulshreshtha]

The #Chabahar project is ambitious and will require deep pockets, but New Delhi has always weighed its strategic benefits above the costs. India-Iran relations are historic and New Delhi has sought to maintain these ties in the face of opposition from Iran’s adversaries, namely the United States, Saudi Arabia and Israel. The Chabahar project ties India and Iran together as New Delhi deals with its difficult neighbour to the west, Pakistan. A major trade and connectivity hub on Iran’s coast not only gives India an alternative route to Afghanistan, bypassing Pakistan, but also has the potential to provide an Indian strategic counter to Pakistan’s Gwadar port being developed by China right next door to Chabahar. The Chabahar trade zone could be an important weigh station for India’s energy imports and food and material exports coming from Kandla and Mundra ports. And the rail project will allow India an independent corridor not only to Afghanistan, which Pakistan has denied it, but also to Central Asia and Russia someday.

The Ministry of External Affairs (MEA) has disclosed that India’s ONGC Videsh Ltd (OVL) has been cut out of the development of an Iranian gas field project, Farzad B; both sides had been in talks since 2009. The project, which will now go to an Iranian company, had also floundered due to a combination of U.S. sanctions, Iran’s changing conditions and fluctuating prices, as well as India’s delayed responses. On the Chabahar-Zahedan rail project, the MEA said IRCON had completed its feasibility studies by December 2019, three years after the memorandum of understanding was signed, but that it had not heard back from Iran. In the meanwhile, Iranian Railway authorities have begun laying tracks. An Iranian official told The Hindu, “In the absence of an active Indian engagement and partnership, it is currently under construction by Iranian funding and engineering capacities.” Both New Delhi and Tehran have left the door open for IRCON to return to the project at a later date, but for the moment, India is not a part of the railway construction.

The announcements on the two projects come even as news filters in of a China-Iran 25-year partnership for $400 billion to build infrastructure and energy resources in Iran, giving the impression that Iran may be relying more and more on Beijing.

India’s stakes in Chabahar remain strong, and no matter who builds the railway line, Indian trade could still find its way to Afghanistan and Central Asia. India’s monetary losses are minimal, as it had not invested money or material on the rail line yet. However, there is the worry of reputational damage from the idea that India gave in to U.S. sanctions, a departure from the past. China’s growing inroads in Iran could make Indian projects there more unviable. The largest worry is that Chabahar, the enduring symbol of India-Iran friendship, could become collateral damage in a larger proxy war between the U.S. and China

[moneycafe]

Top headlines: Airtel back in black in Q4; India loses gas field in Iran

Top headlines: Airtel back in black in Q4; India loses gas field in Iran

Bharti Airtel posts Rs 759 cr profit Telecom operator Bharti Airtel on Monday reported a consolidated net profit of Rs 759 crore for the January-March quarter of 2020-21 financial year. The company had posted a loss of Rs 5,237 crore in the same period a year ago. Read more India loses ONGC-discovered Farzad-B gas field in Iran India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas…

[techminsolutions]

India loses ONGC-discovered Farzad-B gas field in Iran

India loses ONGC-discovered Farzad-B gas field in Iran

India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. “The National Iranian Oil Company (NIOC) has signed a contract worth USD 1.78 billion with Petropars Group for the development of Farzad B Gas Field in the Persian Gulf,” the Iranian oil ministry’s official news service…

[sidnazpro2020]

Latest News Today - India Loses ONGC-discovered Iranian Gas Field

Latest News Today – India Loses ONGC-discovered Iranian Gas Field

OVL loses contract to develop Iranian gas field In a major corporate setback, India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the significant reserve to a local company. “The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with Petropars Group for the development of Farzad B Gas…

[salam2050]

India Loses ONGC-discovered Iranian Gas Field

India Loses ONGC-discovered Iranian Gas Field

OVL loses contract to develop Iranian gas field In a major corporate setback, India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the significant reserve to a local company. “The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with Petropars Group for the development of Farzad B Gas…

[widelyvision]

India loses ONGC-discovered Farzad-B gas field in Iran - Times of India

India loses ONGC-discovered Farzad-B gas field in Iran – Times of India

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 in the Farsi offshore exploration block. (Representative image) NEW DELHI: India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. “The…

[moneycafe]

India loses ONGC-discovered Farzad-B gas field in Iran

India loses ONGC-discovered Farzad-B gas field in Iran

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 in the Farsi offshore exploration block. (Representative image) NEW DELHI: India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. “The…

[ajabhishekvideos]

India set to lose Farzad-B gas field in Iran: Sources NEW DELHI: India has all but lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran decided to prefer domestic companies over foreign firms for development of the field, sources said.

[news24fresh]

No response from Iran on Chabahar railway line since December: MEA

No response from Iran on Chabahar railway line since December: MEA

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The Government of India says it has not received any response from Iran since December 2019 on the future of the Chabahar-Zahedan railway project that State-owned railway construction company IRCON was to have constructed and financed, and ONGC’s foreign arm OVL is also out of the Farzad-B gas field exploration project.

The government cited policy changes by the Iranian government,…