Farzad B gas field & India

Q.  Farzad B gas field is located in -
- Published on 29 Dec 15

a. Kazakastan
b. Uzbekistan
c. Afghanistan
d. Iran

ANSWER: Iran
 
- Oil and Natural Gas Corporation Videsh Ltd (OVL) had discovered the Farzad-B gas field in 2008 in the Persian Gulf.
- A consortium comprising Oil and Natural Gas Corporation (ONGC), India Oil Corporation (IOC) and Oil India signed an agreement with the National Iranian Oil Company (NIOC) in 2002 to develop the Farzad-2 block of the Farsi field.
- ONGC quit the contract because of India's fear of displeasing the United States.
- But with Iran's sanction lifting, India is hopeful about potential opportunity available in Iran's upstream oil and gas business.

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