Iran offered India to sign a PSA contract with India in 3 months for the Farsi gas field. Tehran is ready to receive payments in rupees, Trend reports.
Development of the gas field will need over $6 billion. Iran offers a deal on carve-up of products from the Farzad-B block.
US and EU sanctions against Iran cause problems for oil payments in Iran. Insurance of Iranian oil tankers was banned. Oil shipments to India dropped by 26.5%, according to data on March 31. India imported oil for about $11 billion in 2012.
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