India Iran Energy Deal

Farzad-B, which was discovered by OVL in the Farsi block about 10 years ago, had in-place gas reserve of 21.7 trillion cubic feet, of which 12.5 Tcf is believed to be recoverable

India had stopped importing oil from Iran after the US refused to extend exemption from sanctions since last year

Oil Minister Dharmendra Pradhan discussed with his Iranian counterpart repayment of nearly $6.5 bn Indian refiners owe to Iran