EghtesadOnline: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, on Monday said it has not heard from Iran on the $11 billion "best offer" it gave for developing the Farzad-B gas field.

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Wednesday Iran has opened talks with a major Russian company on developing the coveted Farzad-B Gas Field in the Persian Gulf as long and drawn out negotiations with Indian officials have not produced the desired results.

EghtesadOnline: ONGC Videsh Ltd has opted to invest in developing a giant gas field in the Persian Gulf, for which a revised cost is being worked out, an unnamed official said.

EghtesadOnline: An official at the National Iranian Oil Company says Iran is mulling over three scenarios to develop Farzad-B, a large gas reservoir in the Persian Gulf.

EghtesadOnline: Russian and Indian companies are in talks over a contract to develop Iran's Farzad-B Gas Field , but other oil and gas explorers are welcome to join the race for the coveted natural gas deposit in the Persian Gulf, the head of Iran's state-owned oil company, NIOC, said.

EghtesadOnline: Tehran has opened talks with Russia and several other countries on developing Farzad-B Gas Field in the Persian Gulf, a parliamentarian said, indicating that there will be no backdoor deal with New Delhi on the coveted gas project.

EghtesadOnline: The National Iranian Oil Company is taking steps to tender the Farzad-B Gas Field , Ali Kardor, chief executive officer of the National Iranian Oil Company said, dashing hopes for an agreement with Indians who have been pushing for the drilling rights of the coveted field in the Persian Gulf.