IRAN

 
India Warms To Iran Gas Field Offer
 
Having initially been non-committal on an Iranian offer of a production sharing contract for the development of a gas field in the Strait of Hormuz, India has seemingly pulled a U-turn and is now seriously considering the proposal. 
 
In what would be the first such agreement for a foreign oil company operating in Iran for over thirty years, India is seriously considering an offer of a production sharing contract (PSC)...