India may get easier terms for Iran gas field as discussions continue

India had been looking to secure a contract for developing the gas field since 2009 but successive economic sanctions against the Islamic regime have scuttled plans

Despite talks hitting rock bottom after the US sanctions went live last year, India may still get access to Iran’s Farzad-B gas block as discussions are ongoing, a senior Iranian minister has said.

“Indians have had the opportunity of getting into Farzad-B (gas field) earlier, and they still have it,” Gholam Reza Ansari, deputy minister for Economic Affairs at Iran's Foreign Affairs Ministry, said on Tuesday, hinting that Iran was willing to provide easier terms for India once negotiations progress.

Ansari’s comments come after senior officials from Oil and Natural Gas Corporation Videsh Limited (OVL) — the overseas investment arm of ONGC