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India seeks stake in Iran LNG project

India seeks stake in Iran LNG project

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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