ONGC Submits Revised Plan For Farzad Gas Field In Iran

Mumbai: The overseas arm of Oil and Natural Gas Corp has submitted a revised plan to develop the giant Farzad B gas block in Iran, including a commitment to spend more than $3 billion, a senior executive said on Tuesday. ONGC Videsh expects to produce between 1 billion and 1.6 billion cubic feet per day of gas in five years from the start of development of the block, N. K. Verma, the company's managing director told Reuters in Mumba...