India in touch with Iran over Farzad B: MEA

Tehran announced that it will develop the gas field domestically

The Ministry of External Affairs on Thursday said there is a possibility of India becoming a part of the projects unfolding in the Farzad B gas field in Iran at a later stage. The statement from MEA’s official spokesperson Arindam Bagchi came days afterand signed a deal with Petropars. “Iran wanted to involve us at a later stage. Our consortium is in touch with the Iranian authorities,” said Mr. Bagchi to a question during the weekly virtual news briefing. The comment shows that India continues to consider itself a player in the gas rich Farzad B region discovered by ONGC Videsh Ltd. The National Iranian Oil Company signed a deal with the Petropars Group on last Monday where Minister of Petroleum Bijan Zanganeh announced that the gas field will be developed with domestic support. It came as a setback to the Indian efforts in Farzad B which has spanned more than a decade.