As no deal with Iran yet, ONGC may lose gas field to Saudi Arabia
Foreign firms are to be paid a fee per barrel and they will also be entitled to an increase in profits in the face of dramatic oil price fluctuations./ as lengthy negotiations on terms may drive it to a point where its discovered gas reserves in Farzad-B field in the State-owned Oil and Natural Gas Corp (ONGC) alleges that 11.12 billion cubic meters of natural gas worth Rs 11,055 crore has flowed from its idling Krishna Godavari basin blocks in Bay of Bengal blocks to neighbouring KG-D6 fields of Reliance Industries. And the same is now on ...
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