Iran in Talks with India, Russia on Gas Field Development

A top Iranian official says talks are underway with India and Russia’s Gazprom on the development of an Iranian gas field.

Iran’s Deputy Oil Minister Ali Kardar has weighed on negotiations with foreign companies to develop the Iranian gas field Farzad B.

“Talks are underway with India and [Russia’s] Gazprom company, and if they offer acceptable technical and financial proposals, they will be contracted to develop the Farzad B gas field,” he said, according to a Farsi report by the Etemad daily newspaper.

He noted that engineering, procurement, construction financing (EPCF) studies on the development of the gas field are being conducted by a consultant.

“In the meantime, foreign firms have the chance to announce their readiness if they are interested to develop the gas field.”

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