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  • A plan by India and Iran to finalise the ‘development, financial and commercial’ terms for the prolific Farzad B gas asset in the Persian Gulf, discovered by New Delhi-based explorers led by ONGC Videsh, will be delayed at least till next February.New Delhi has so far not been able to convince the Hassan Rouhani government in Tehran to let Indian explorers work on the project, even after diplomatic talks involving external affairs minister Sushma Swaraj and petroleum minister Dharmendra Pradhan. Under an earlier plan, the terms were to be finalised by October-end.

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