INDIAN - IRANIAN GAS INVESTMENT
AOG - The Indian consortium led by the state-owned Oil and Natural Gas Corporation (ONGC) is willing to spend as much as $11bn to develop the giant Iranian natural gas field it discovered in 2008.
ONGC Videsh Ltd (OVL), the foreign E&P arm of ONGC, has offered to the build the infrastructure to export the gas, as long as Iran guarantees the consortium a "reasonable return" on the project.
OVL has offered to invest as much as $6bn on the Farzad-B field and spend the remaining…
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