Farzad B

Iran acting tough on ONGC over development of gas field

Iran had last month reached a framework nuclear agreement with the six world powers, spurring hopes of a final deal by June-end that could lead to the lifting of economic sanctions.

Indian delegation to visit Iran to discuss oil deals: sources

A consortium headed by ONGC Videsh, the overseas investment arm of the country's top explorer Oil and Natural Gas Corp, signed a deal in December 2002 to explore the Farsi offshore block in Iran.

Putting pressure on India: Iran puts ONGC discovered gas field on auction list

In a bid to pressure India to invest in a Persian Gulf gas field, Iran has put ONGC- discovered Farzad-B gas field on a list of fields it plans to auction citing delays by the Indian firm in its development.