Tehran, Iran, March 29
By Mehdi Sepahvand - Trend:
Dharmendra Pradhan, India's minister of oil and natural gas, is set to visit Iran in the near future to discuss the development of Iran's Farzad B Gas Field.
Farzad B is an Iranian natural gas field discovered in 2012. Production on it began in 2013. Gas and condensates are being extracted from the field.
After their recent talks with Iranian counterparts, Indian oil officials said they had prepared a comprehensive plan for the field's development, which they would like to introduce during an official visit, Tasnim news agency reported March 29.
Accordingly, the Indian Ministry of Oil and Natural Gas hopes to encourage Iran to assign the field's development to India's ONGC Videsh.
India is thought to be intending an investment of $5 to $10 billion in developing the field and turning the extracted gas into LNG.