Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
by admin | Thu, 2009-09-24 13:23
selected project
Indian Consortium Develops Farsi Gas Field Block
description
Indian oil firms plan to invest $3,000,000,000 to develop gas fields in Iran’s Farsi block. The block holds estimated gas reserves of 12.8 trillion cubic feet. Natural Gas Corp and Indian Oil Corp each hold a 40% interest in the project. Oil India Ltd. controls the rest.
- Country: India
- Contractor: Indian Oil and Natural Gas Corp, Oil India Ltd, ONGC Videsh Ltd.
- Amount (Current Dollar Value): 3.007 billion USD
Status
- Current Status:
- Discussion Date: Sun, 2008-11-02
- Contract Date:
- Completion Date:
Citation
1. "Iran Finds Farsi Block Gas Viable", Fars News Agency, November 2, 2008, Available at http://english.farsnews.com/newstext.php?nn=8708160816.
2. "Iran Finds Farsi Block Gas Viable - Indian source", Reuters, November 6, 2008, Available at http://in.reuters.com/article/businessNews/idINIndia-36359120081106.
