Via the WPR,
India proposes to invest $6.5 billion in Iran gas fields
"India today proposed to invest $6.5 billion to develop gas fields in Iran and sought more liquefied natural gas (LNG) from that country. At the same time, India asked Iran to honour the 2005 LNG import deal and ensure secured supplies of gas through the Iran-Pakistan-India pipeline.
In the first high-level contact in two years, India told the visiting Iranian deputy oil minister and National Iranian Oil Co (NIOC) managing director, Seifollah Jashnsaz, that it was keen to buy five million tonnes of LNG a year besides the ones signed in 2005, sources said.
India also asked Iran to give the ONGC Videsh-led group rights to develop the gas field it discovered in the offshore Farsi block. It sought 20-25% stake for the overseas investment arm of Oil and Natural Gas Corp (ONGC) in the Phase-12 of the gigantic South Pars gas field in the Gulf...."
and, Russia vows quick completion of Bushehr atomic power plant
Russia’s energy minister pledged yesterday a quick completion of Iran’s first nuclear power station, Iran’s state broadcaster Irib reported, weeks after Moscow announced the latest delay to the Bushehr plant. Russia said in mid-November that technical issues would prevent its engineers from starting up the reactor at Bushehr by the end of the year as previously planned. “Russia will complete the Bushehr nuclear power plant at the earliest (possible) time,” Irib quoted Russian Energy Minister Sergei Shmatko as saying after talks with Iranian Oil Minister Massoud Mirkazemi in Tehran. “The quick completion of the Bushehr power plant is the most important issue for both the Iranian and Russian atomic energy organisations and technical steps in this regard are under way based upon the scheduled plans,” he said. Shmatko, who also held talks with other senior Iranian officials, said the Bushehr project had become “a symbol of co-operation between Iran and Russia and nobody dares to hurt it,” Irib added.
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