Home / India News / After Chabahar Port II, Farzad-B too is set to go out of Indian hands

After Chabahar Port II, Farzad-B too is set to go out of Indian hands

Iran to finalise player to develop the gas field 21.6 tcf reserves; OVL may be shown the door

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Iran is itself funding and developing a rail link under the second phase of the Chabahar Port

5 min read Last Updated : Jul 15 2020 | 10:49 PM IST

Iran has ended its agreement with India for two key projects, the second phase of Chabahar Port and development of the Farzad-B block, reflecting the souring relations between the once strong allies.

The West Asian country will fund and develop a rail link under the second phase of the Chabahar Port on its own, while the contract for developing the Farzad-B block is likely to be handed over to a local company following slow progress by ONGC Videsh (OVL). A person close to the development said Iran will sign a deal for development of the field with a local oil company

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