Tag Archive | "India-Iran"

Iran, India seem to be parting ways on long coveted giant gas field


NOVANEWS

Indian PM Narendra Modi

Press TV

Iran’s Ministry of Petroleum says it has started preliminary talks with Russians to develop Farzad B but negotiations also continue with the Indians who have long coveted the giant gas field.

“For the development of the Farzad B field, we are pursuing three separate paths in parallel, but none of the options is definite yet,” director of the integrated planning at the National Iranian Oil Company (NIOC) Karim Zobeidi said on Monday.

The third path is the implementation of a development study plan in cooperation with a foreign consultant and Iran’s Petropars company, the official explained.

Zobeidi said negotiations with the Indians have not achieved satisfactory results but they have not stopped either and that Iran was pursuing preliminary talks with a Russian company as the second path.

“Along these two routes, the study of the development of Farzad A and B and the feasibility of the injection of gas from these fields into Aghajari (oil field) in cooperation with a foreign consultant and Petropars company is in progress,” he added.

Indian companies discovered the Farzad B gas field in Iran in 2008 and have bid several times for the development rights.

The Indians were supposed to develop the field after its exploration, but they stopped their activities after the West intensified sanctions on the Islamic Republic in 2012.

With the lifting of the sanctions, India once again called for the development of Farzad B by ONGC Videsh which is the overseas investment arm of the country’s biggest energy exploration firm.

According to an agreement, the Indians were first to submit a technical plan and then a financial proposal for the development of the field, but Iran did not agree with the other side’s financial proposals.

In the absence of an agreement between Iran and India, the development plan for Farzad B will be put to international tender.

In May, Minister of Petroleum Bijan Zangeneh announced that Iran had signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B.

Indians shift attention to ‘Israel’

On Monday, Reuters cited India’s Oil Minister Dharmendra Pradhan as saying that state-run Oil and Natural Gas Corp planned to bid for disputed Israeli offshore oil-and-gas exploration blocks.

A high-ranking Indian delegation visited Israel last month to discuss taking part in the tender for blocks in the Mediterranean Sea, the news agency reported.

“We will definitely bid for ‘Israel’s’ oil-and-gas blocks,” Reuters quoted Pradhan as saying.

New Delhi has deep military ties with Tel Aviv but they reportedly seek to expand their relationship to other sectors such as energy and technology following Prime Minister Narendra Modi’s visit to ‘Israel’ in July.

According to Reuters, ‘Israeli’ officials were pleased with the visit by the Indian economic team, while many oil majors have been hesitant to enter the ‘Israeli’ market, fearing a backlash from oil-rich Arab states.

Lebanon has a long-standing dispute with ‘Israel’ which stands accused of stealing Arab resources.

Lebanese Parliament Speaker Nabih Berri has said ‘Israel’ was overtly stealing Lebanon’s underwater oil and gas reserves off the coast of south Lebanon. Hezbollah has warned that it would use force to protect Lebanon’s resources.

The gas discoveries have created a new source of friction between Lebanon and ‘Israel’, which have clashed repeatedly.

Lacking in natural resources, ‘Israel’ has said it had discovered two fields thought to contain about 24 trillion cubic meters of natural gas, enough to make it energy self-sufficient for decades. Lebanese leaders have said the reserves were a “golden opportunity” for Lebanon to service its huge debt and rebuild its economy.

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Modi revisits Iran ties


NOVANEWS
By M K Bhadrakumar 

The decision by Prime Minister Narendra Modi to depute the minister of transport Nitin Gadkari to represent India at the inaugural ceremony of Iran’s president Hassan Rouhani on his second term is a most appropriate, timely and thoughtful decision. ‘Appropriate’ – because it is a signal that India attaches high importance to relations with Iran. Gadkari is a senior figure in the cabinet – all but prime ministerial material, one might say. ‘Thoughtful’ – because of two reasons. One, Gadkari is also the government’s point person with regard to the strategic Indian project to develop a transit route to Afghanistan and Central Asia via Iran’s Chabahar Port.

Two, it is an assertive statement that India’s cooperation with Iran will not be buffeted by ‘Trumpspeak’. This is timely because the Iran-US engagement has run into difficulties and US officials have spoken of a preposterous ‘regime change’ agenda vis-à-vis Iran. A confrontation seems improbable but a showdown cannot be ruled out, either. If there is a confrontation / showdown, Modi government will come under pressure not only from the US but also from Israel, and India will be in the unhappy position of having to stand up and be counted. Strategic ambivalence, which comes easy to the Indian DNA, may no longer be an option. The previous UPA government of course simply opted to pull down the shutter and fall in line with the US diktat. It will be interesting to see how much spunk the present nationalist government would show to resist pressure on its regional policies, if push comes to shove.

However, India is in good company if it views Iran as a major partner. The presence of the European Union Foreign Policy chief Federica Mogherni at Rouhani’s inaugural underscored that EU does not go along with the US’ sanctions bill against Iran. So, indeed, the presence of Russia’s Deputy Prime Minister Dmitry Rogozin, a close aide confidante of President Vladimir Putin, signals that Moscow has a big agenda to expand and deepen the cooperation with Iran. The Chinese President Xi Jinping deputed He Lifeng, head of China’s National Development and Reform Commission, to represent China. Of course, He is the principal driver of the Belt and Road Initiative in the Chinese government.

Indeed, if the inaugural ceremony was a litmus test of Iran’s integration with the international community, the result is positive and impressive. Nineteen presidents, vice-presidents and prime ministers as well as 18 heads of parliaments attended the ceremony. It is virtually impossible for the Trump administration to ‘isolate’ Iran over its missile development programme or its regional policies. By the way, the participants at the ceremony in Tehran included a high-powered delegation from Hamas and a cabinet minister from Qatar.

Gadkari has promised that the Chabahar transit route will be operational by next year. The country must hold the government to its word. There shouldn’t be any slip-ups. This can be the first significant footfall in an Indian variant of ‘Belt and Road’ initiative. More importantly, perhaps, India must now resuscitate the plans of investments in the Chabahar region for industrial collaboration. The enthusiasm with which we spoke about it two years ago has petered out. Again, a major push is needed to realise the much-talked about North-South Corridor via Iran.

In political terms, a visit by Rouhani to India is overdue. The visit will give an overall verve to the relationship and add momentum to the bilateral cooperation. The Farzad-B gas field project has proved elusive. The revised $11 billion investment offer by ONGC Videsh is pending for a decision in Tehran. The Iranian side has driven a hard bargain, which is understandable since oil is a major source of income for its economy. But then, Tehran must also realize that Farzad-B will be a ‘game-changer’ for the entire relationship with India. Perhaps, this is the single biggest investment offer India has ever made to a foreign country. The business spin-off in the downstream, if the Farzad-B project takes off, will be massive.

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