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Iran denies negotiations with Oil India
ran has not negotiated with the Oil India Ltd. over investment in Iranian gas projects, National Iranian Oil Company’s Managing Director Seyfollah Jashnsaz said here on Saturday, IRNA reported.
Bloomberg reported On September 4 that Oil India Ltd., the nation’s second-biggest state-run explorer, has said it may invest $5 billion with its partners to develop a natural gas field in Iran.
 
According to Bloomberg, the expenditure on the offshore Farsi block may be incurred over seven to eight years and the grouping is in talks with the National Iranian Oil Co. over a contract to develop the field, according to Oil India’s share-sale document.
Sep 10, 2009 12:07
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