Iran’s Farzad oil gas block seen slipping away from India

India’s bid to develop Iran’s Farzad B oil and gas fields is seen to be slipping away as the nations failed to meet the October deadline for reaching an agreement on the development of the asset. Even amid increased diplomatic engagements between the two countries over the past month and a rush of Western and Chinese investors eager to get in on the oil and gas development, Iran has made it clear that India’s commitment to put up $10-billion for the Farzad B asset is a case of too little too late, an Indian official involved in the bilateral negotiations has said.