ONGC Videsh may decide on investment plans in Iran after India-US meet

Iran has also agreed to take the entire gas produced from Farzad-B offshore field to a landfall point

ONGC Videsh is likely to decide on its investment plans in Iran after the upcoming ‘two-plus-two’ bilateral meeting between the foreign and defence ministers of India and the United States. 

This comes soon after the overseas subsidiary of Oil and Natural Gas Corporation pruned its $11 billion investment plans by shelving the proposed $6.2 billion liquefied natural gas export facility in Iran. 

“Now, we are only looking at Farzad B block, the fate of which will be decided only after the two-plus-two meeting. So far, there is no direction from the government,” said an official source. On July 6, external