3 Scenarios To Develop Farzad-B Gas Field

3 Scenarios To Develop Farzad-B Gas Field

An official at the National Iranian Oil Company says Iran is mulling over three scenarios to develop Farzad-B, a large gas reservoir in the Persian Gulf.

“Parallel talks are being held with India’s ONGC Videsh Ltd, Russia’s Gazprom, the country’s fourth largest gas producer, and Iranian energy company Petropars Ltd,” added Karim Zeibodi, the head of a special department at NIOC, that oversees the performance of reservoirs, Shana reported on Monday.

Stressing that no decision has been made yet, Zeibodi said, “Protracted negotiations with Indian energy officials have not yielded desirable results. Nonetheless, the two sides are still trying to settle financial and technical differences.”

According to the official, NIOC has also opened talks with Russians over the field’s expansion as the second option. Read More…

 

Credit By : Financial Tribune

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