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Farzad-B giant gas field, which was making news recently, is situated in which country?
A)
UAE
B)
Iran
C)
Israel
D)
Afghanistan

Correct Answer : Option (B) - Iran


The National Iranian Oil Company (NIOC) has signed a contract worth USA 1.78 billion with Petropars Group for the development of Farzad-B Gas Field located in Iran.
ONGC Videsh Ltd (OVL) owns 40 per cent participating interest (PI) in the block, in which gas discovery was first made by a consortium led by ONGC. It has now lost development rights for the gas field in Iran to Iranian Petropars Group.

Published On : May 20, 2021
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