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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

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

Shine JacobMegha Manchanda New Delhi
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