Iran, Indian firms sign Persian Gulf gas field deal

Iran forges for a US$3 billion deal with a consortium of Indian companies to develop the Farzad B gas field in the Persian Gulf.

Saeed Hafezi, Director of the FalatGhare oil company, said the lifting of sanctions means the consortium can resume development, according to Mehr.

Meanwhile, as per latest report, a spokesperson for ONGC Videsh, the Indian company heading the partnership, said they had not yet been notified about the development.