Iran, India discuss joint development of Farzad-B gas field

Qasemi pointed to fruitful talks between Iranian and Indian officials during his three-day visit to New Delhi and said both sides discussed India’s partnership in the development of Farzad-B gas field.

He said that the details of negotiations will be announced by the joint team of experts of the two countries within three months.

The Farzad-B gas field has in-place reserves of up to 21.68 trillion cubic feet (Tcf), 12.8 Tcf of which may be recoverable.

The Iranian minister made the remarks on the sidelines of the 163rd ordinary session of the Organization of Petroleum Exporting Countries (OPEC) in the Austrian capital, Vienna, on Friday.

Asked if Iran might offer its crude at a lower price to encourage purchasers, Qasemi said, “Iran sells its crude to customers based on the international price.”

Commenting on the effect of sanctions on Iran’s crude exports, he stressed that the country is selling its crude despite the imposed embargoes.

The United States, Israel and some of their allies have repeatedly accused Iran of pursuing non-civilian objectives in its nuclear energy program. Over the false allegation, Washington and the European Union have imposed a series of illegal unilateral sanctions against the Islamic Republic.

Iran refutes the allegation over its nuclear energy program and argues that as a signatory to the Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it is entitled to develop nuclear technology for peaceful purposes.

Source: Press TV