India set to lose Farzad-B gas field in Iran: Sources

India set to lose Farzad-B gas field in Iran: Sources

NEW DELHI: India has all but lost the ONGC Videsh Ltd-discovered. decided to prefer domestic companies over foreign firms for development of the field, sources said. ONGC Videsh Ltd (. OVL. ), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had in 2008 discovered a giant gas field in the Farsi offshore exploration block.

Read more at 
The Times of India

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