Iran’s NIOC to Award Contract to Petropars for Developing Farzad-B Field

• Monday, 17th May 2021
• by Fatma Ahmed

The Iranian Oil Ministry announced that Petropars company will be awarded a contract worth $ 1.78 billion by the National Iranian Oil Company (NIOC) for developing the giant Farzad-B gas field, Bloomberg reported. Thi...

Iran Becomes India’s Second Highest Oil Supplier

• Tuesday, 24th July 2018
• by Editorial Team

Iran overtook Saudi Arabia to become the second biggest oil supplier to Indian state refineries between April and June 2018, Reuters reported. Tehran’s willingness to offer discounted oil meant that India import...

Iran to Cooperate with India, Under Conditions

• Wednesday, 17th May 2017
• by Sarah Samir

Iran as has new conditions for cooperating with India. As the Islamic country wants India to pay more than triple the gas price for award of the coveted Farzad-B natural gas block to ONGC Videsh, reported Energy Infra...

India to Cut Iranian Oil Imports

• Sunday, 2nd April 2017
• by Editorial Team

India declared it will cut oil imports from Iran in 2017/2018 by a fifth from 240,000b/d to be 190,000b/d, Reuters reported, citing sources familiar with the matter. As informed by Press TV, the measure is an attempt ...

India, Iran to Finalize Gas Deal

• Thursday, 27th October 2016
• by Sarah Samir

The Indian government said that a consortium headed by ONGC Videsh Ltd (OVL) and Iran aim to strike a deal by March to develop the Iranian Farzad-B gas field in the Farsi offshore block with estimated in-place reserve...