INDIA/IRAN
The Indian government has asked domestic companies to exercise caution in proceeding with projects in Iran amid rising tension between the US and the Persian Gulf nation. Projects that may be impacted by the government advisory include the Farzad B offshore gasfield project proposed by ONGC Limited, an aluminium smelter project planned by National Aluminium Company Limited (Nalco) and a fertiliser plant at the Chabahar free trade zone.
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