Tehran, Iran, Oct. 1
Trend:
An Iranian deputy oil minister said Tehran is in talks with New Delhi over the development of Iran’s Farzad B gas field in the Persian Gulf.
“We have started negotiations with India to develop Farzad B gas field,” Ali Kardor said, ILNA news agency reported on October 1.
This offshore oil field is located in Persian Gulf within Iran's territory. The Farzad B gas field is an Iranian natural gas field that was discovered by India in 2008. It began production in 2013 and produces natural gas and condensates.
The Indians were supposed to develop the field after its exploration, but they stopped their activities after the West intensified sanctions on the Islamic Republic in 2012.