Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
by admin | Thu, 2009-09-24 13:21
selected project
ONGC - India Oil Corp Develop Farzad-B
description
India's state-run Oil and Natural Gas Corp and Indian Oil Corp each hold a 40 percent interest in the block, and smaller outfit Oil India Ltd controls 20 percent.
The potential gas production over 30 years is 9.7 TCF. The amount of investment has not been disclosed. India imports 70 percent of its energy and is keen on securing supplies from neighboring countries.
- Country: India
- Client: National Iranian Oil Company
- Contractor: Indian Oil Corporation and Oil and Natural Gas Corp (ONGC)
- Amount (Current Dollar Value): Amount Unconfirmed
Status
- Current Status:
- Discussion Date: Mon, 2009-07-20
- Contract Date: Mon, 2009-07-20
- Completion Date:
Citation
1. Nidhi Verma, "Iran Farzad gas field output seen 9.7TCF-India Min", Reuters, July 20, 2009, Available at http://in.reuters.com/article/domesticNew/idINDEL44112520090720?sp=true.
2. "ONGC, IOC, OIL Expect Farsi Production in Iran to Reach 9.7 tcf over 30 Years", World Markets Research Center, July 21, 2009. Available at Nexis.com
