ONGC Videsh looks elsewhere as Iranian project is delayed

India’s ONGC Videsh has turned its attention to non-Iranian projects while it waits for a decision from Tehran on the Farzad B gas development.
By Staff reporter 3 November 2017 0 28240

India’s ONGC Videsh has turned its attention to non-Iranian international projects for potential investment while it waits for a decision from Tehran on the Farzad B gas development, the Indian company’s managing director told Reuters.

"We have been extremely flexible in our dealing with Iran and hoped that Farzad will add to our output target but the deal is not yet finalised. In the meantime we are looking for producing assets elsewhere to boost our output," N.K. Verma said.

ONGC has been negotiating

Log in or register for a free trial to continue reading this article

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up