meri saheli magazine Published this article page no 39 INDIAIRAN Iran recently decided to develop Farzad B gas field domestically cutting off Indias Oil and Natural Gas Corporation (ONGC) Videsh (OVL)s hopes of landing the lucrative contract. About FarzadB Gas field Farzad B is an offshore natural gas field located in Persian Gulf (Iran). It lies in the Farsi block on the border between Iran and Saudi Arabia. The FarzadB gas field holds 23 trillion cubic feet of inplace gas reserves of which about 60% is recoverable. It also holds gas condensates of about 5000 barrels per billion cubic feet of gas. The gas field was discovered in 2008 by OVL the overseas investment arm of Indias stateowned Oil and Natural Gas Corp (ONGC). Other Indian investments in Iran Chabahar Port It is located in the Gulf of Oman at the SistanBaluchistan province of energy rich Iran on the Makran Coast. It is jointly being developed by India Iran and Afghanistan for multimodal transport of goods and passengers.Port has geographical proximity with India with distance from Kandla port Gujarat to Chabahar to be around 1000 kms and that from Chabahar to Mumbai around 1450 kms. Chabahar has two terminals Shahid Kalantari and Shahid Beheshti. Shahid Beheshti is being developed jointly by India Afghanistan and Iran under the Trilateral Transit Agreement signed in 2016. India has been granted a 10year lease to develop and operate two terminals and five berths at Shahid Beheshti Port in Chabahar. Related News Iran has decided to proceed with the construction of rail line from Chabahar port to Zahedan along the border with Afghanistan without India. Background In 2016 the Trilateral Agreement on Establishment of International Transport and Transit Corridor was signed among India Iran and Afghanistan. o The transit and transportation corridor allows Indian goods to reach Afghanistan through Iran bypassing Pakistani territory and complements the ZaranjDelaram highway built by India in Afghanistan in 2009 meri saheli magazine buy.
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