After reports of Chabahar-Zahidan railway project being outside India, Iran can now move forward on another major project alone. This project is for the development of the gas field Farzad-B block.
Foreign Ministry spokesman Anurag Shrivastava said during a press briefing on Thursday that Iran has informed India that it is currently going to develop the gas field alone. Iran has said that India can join this project later.
A foreign ministry spokesman said, “There are also reports about the Farzad-B gas field agreement. This included India’s ONGC (Oil and Natural Gas Corporation) company in the exploration stage. However, policy changes from Iran Due to this, bilateral cooperation has been affected. In January 2020, the told that in future Iran will develop this gasfield automatically and it wants India’s presence at a later stage. Discussion on this matter is going on. “
India was trying to get gas field contracts since 2009. The Farzad-B block has gas reserves of 21.6 trillion cubic feet. According to reports, the Farzad-B block development, which was previously a joint project of Iran and ONGC Videsh, can now be handed over to a local company. By ending the nuclear deal with Iran, the US had imposed all kinds of restrictions on it. It also affected India’s projects in Iran.