Latest Project Trackers

Projects Trackers
Farzad B
14 October 2017
Md of NIOC: Talks with India over development of Farzad B gas field continue. Along with these talks, the talks over the EPC contract for the development of this field are also underway.
We have also reminded the financial issues and ambiguities of their proposal and they are expected to review the issued and reply afterward.
Projects Trackers
Farzad B
10 October 2017
ONGC Videsh Ltd, the overseas arm of state-owned ONGC said it hasn't heard from Iran on the $11 billion 'best offer' it gave for developing the Farzad-B gas field.
OVL MD: "We are ready to invest provided we get reasonable returns."
OVL has offered to invest about $5.8 billion in developing the Farzad-B gas field and another $5 billion to build a liquefied natural gas export facility, he said. Iran wants a high price of the natural gas, making the investment practically unviable.
"We will get the project the day we accept their conditions. But for me to go ahead and make such investments, it has to bring reasonable returns and making economic sense. We have given them our best offer. Now, it is up to them to agree or not agree."
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