Middle East Economic Survey


No 16



Farzad Gas Field Development Plan Completed By ONGC

Indias ONGC has agreed to invest $3bn in the first phase of the development of the Farzad gas field offshore Iran, with planned production capacity of 1.1bn cfd, Iranian Offshore Oil Company (IOOC) Managing Director Mahmoud Zirakchianzadeh said on 14 April. He explained that Indias ONGC has finished the master development plan for the Farzad B gas field in the Farsi block, adding that...