The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable...

Tehran asked the Indian firms to exercise the right within 90 days failing which it would be deemed as rejection of the offer...

ONGC Videsh Ltd (OVL), the overseas investment arm of Oil and Natural Gas Corp, had in 2008 discovered a giant gas field in the Farsi offshore exploration block...

Crude oil imports from Iran have been on a decline since November last year on the back of fresh US sanctions against the west Asian country...