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2017-07-03 13:50:00

INDIAN - IRANIAN GAS INVESTMENT

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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Tags: INDIA, IRAN, INVESTMENT, GAS
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