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India seeks stake in Iran LNG project

India seeks stake in Iran LNG project
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India has offered Iran options for firming up commercial ties with the gulf nation in the energy sector.

¨We have given a proposal to develop the discovered Farsi offshore block (now called Binaloud) on a standalone basis as well as to make it part of an integrated package – stake in LNG terminal as well as development of the field,¨ a senior official associated with the development said.

Discussions between the two countries are still going on, a Foreign Ministry source said.

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